Based on my rental analysis I can increase rents by $10k per year over what they are currently getting (but then I need to add in vacancy which in not included in the actual rent reported)

If cash I can only pay $120,000My reasoning on my numbersRetail $150,000less 4 months vacancy for prep and sell ($5600 rental loss)no realtor for me, don't really need theirs (3 to 6 %, 4500 to 9000)repair to showing condition savings, staging (at least paint $3000)I am saving them between $13100 and $17,600 on costs plus time $$$That is why I am targeting $120,000 purchase price. 

Though our margins are lower we have almost no vacancy, no property management and low expenses.

I've figured that I need to account for it as part of my expenses (similar to vacancy and property management allowances) and calculate my cash flow on this.

.  ($100/night with 25% vacancy = $2100/month ÷ 50% $1050/month.  

After PITI, there isn't much room left to allow for repair and vacancy reserves.  

Vacancies increase, properties are repaired for the corporate bottom line without regard for the social aspects.

Also, you must take into account the vacancy period.

.- Low vacancy rate means high overall demand- High owner-occupied means good market for rehabbing- High rental % tells you this is a renter's marketOriginally posted by "tasigurl":HomeGain Agents73I have no idea how valuable this information is... do you like HomeGain Agents?

Looking for a city that will appricate ( so is currently undervalued ), has a vast pool of renters ( universities or military bases nearby are great ), most (70-80%) can afford the rents on my properties, has low vacancy rates, has a low end that I can get into 10-40k a property, etc...Thanks for the advice and support so far :)