But not us operators.. other wise every hard money lender would do this.. and we are not all clueless like some thing we are  LOL 

@Christa S Rickard I'm sure you could operate at 21% but it suggests that you are on auto-pilot...letting the roof rot of the place with insufficient reserves...I'd like to take a look at the actual property performance if you're inclined to send it over...

(I operate a restaurant) Anyone else start this way?

@Mark Gast  Are you planning on living in the property or operating at a pure investment? 

What "reasonable" is, is a big can of worms you should discuss with your accountant.It's common to separate ownership of an operating business (the short-term rental business) from ownership of the real estate, so that makes sense, and it also makes sense when discussing mortgage applications.

I know in my primary market you're required to have a brokers license to operate a PM company. 

For example, spending a little more to put a waterproofing system behind your shower enclosure (like Schluter) virtually guarantees no leaks in the future.

I recently bought a deal in Berwyn that I should be able to operate at right around a 10 cap.

Any vacancy would add this cost to operating. 

Hello, I’m new to wholesaling and I’m doing it virtually ATM.