Rents are estimated to be $2300/mo and post construction appraisals are averaging $377k for this model.

Rougher neighborhoods tend to turn over tenants faster, but there is no set formula, just averages.

Average investors simply dont know how to do this and title company or attorney cant work fast enough.. 

Run numbers on average booking per night times occupancy rate.

I decided to go the conventional route because with my savings at the time and my extremely average income level, that's what made sense to get me into a duplex.Hope this helps in some way!

City road ends at park entrance.Considering the land price, infrastructure setup cost each lot cost was coming around $7300 which was very attractive even though most of the houses on them were old and needed good repairs.All other lots except the 59 were in considerable good condition and our due diligence showed that whole park value is going down due to these 59 lots mismanagement for 40 years.As per owner rent collections were around $7200 per month and most of the tenants were very long term (average rent $400 per home) which he receives in cash so bank rolls available to validate.As per our estimate, each house needed 7k to 8k repair to make it livable.Negatives:These homes/lots were owned by same owner for 40 years and he neglected everything which includes tenant quality, infrastructure (such as overgrown trees, bad homes still in the park which should have been removed years back, 3ft- 4ft potholes on the road since its privately owned).Most of the tenants were convicted or had some big felony, these houses were famous for drugs cartels in whole city.After buying we realized things were way worse than what we assumed in due diligence:People staying there actually were involved in gang wars, prostitution, drugs etc.

Finding the Average $/sqft for each sold comp3).

But you should be able to see from your survey showing the easement where it is recorded and go to the county clerk's website and download the original easement document.

What is your average vacancy rate?

Interested in higher cash flow than an average single-family home could provide.