. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week)  -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00

"Chasing" after a tenant is not good business and will waste a ton of your time.

Most people don't sell an STR that is making them a ton of money so odds are it could look better, although they could be selling it for other reasons.

Youre with WAY too many options and decisions at one gulp.

I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

Technically, when raising funds under Regulation D or any other SEC exemption, there’s no strict requirement to utilize a Private Placement Memorandum (PPM).

Good afternoon, everybody and Happy New Year,For those you that utilize services like PropertyRadar, PropStream, etc.

Would you be willing to describe a bit more about how you determined your utility caps? 

Estimate utilities and figure out who pays them (separate meters, landlord paid, etc)5.

I Offered it to them at 10% below market with him paying utilities. he wanted it, so I screened him to verify he can afford it.