From my research here on BP, the average is 10% plus one month's rent ($800) every time I would have to find a tenant (does this mean he would pay me $3200 to find the initial tenants?)

Are most renters snowbirds renting for 6-8 months?

I am looking to vacate the house and prep for a 1031.I previously had the property listed, got under contract just for this tenant to be the reason we didnt make it through the inspection period.I have a good relationship with her but she is a mess, pays late every month (including her late fee, she is current), police visits, etc. 

Already talked to the Warren County office and they said it's a 3 month process to get STRs approved but in general the process seems to be pretty straight forward if you aren't in a HOA or in town.I have a property in the area that is a smaller 2bed/1bath that does really well and I feel very comfotable with the 3 bed numbers, but once we get to the higher range properties 3-4 bedrooms and properties that I would consider to be luxury stays for large groups, I am finding it hard to make the numbers reallyyyy make sense at a $300 ADR.

They plan to sublease to professionals like traveling nurses (2-5 months) and short-term families (we're near Disneyland).

Installed new garage doors, plan on doing other improvements as well in the near future!

Installed new garage doors, plan on doing other improvements as well in the near future!

Renting for $65/month.  12 months at 90% occupancy equals $702 for one unit. 

Hey everyone,Like many others, I was fascinated by episode#968: Making $10,000/Month PER Rental with These Guaranteed Cash Flow "Contracts" w/ Noble Crawford.I own a duplex in the greater Boston area, and believe the location / property could be perfect for something like this.Does anyone have experience in this space, and be willing to connect?

You could be looking at a situation where your net worth needs to be (at least) (1/2) the amount you need to borrow.Plus a commercial appraisal (which can be $3,000 to 5,000 cash), and at least 6 months PITI lender required reserves In addition to your replacement reserves that you calculate you will need.