Obviously there are a lot of variables but for a casita your looking at less than 25k.

There are a lot of variables to consider in this question.    

One variable that has been problematic when searching for properties is the amount of parking available.

Like you say there are a lot of variables in RE investing I would think 11K return on 40K investment is nice going, plus all the other tax advantages of being a landlord.

The only variable not included is the insurance.

On top of that we have $50,000 of a HELOC (unfortunately a variable rate which is currently at about 9%), around $100,000 in credit card debt (0% APR until the end of 2023/beginning of 2024), and about $50,000 in other small loans at 4-5%.

Considering the possible variables of what kind of tile was used, what type of flooring was put down and how much of that cost was the actual floor repair, I don't think you overpaid by much if any. 

Too many variables and ways for you to get bitten.Stephanie

Regarding your analysis - I think it’s reasonable to adjust variables until you find a good deal.

We are not really sure what to fully expect for our occupancy rate in our STR, the other similar STRs in the area seem to maintain decent bookings after I followed the ENEMY method, but you never truly know as there are a lot of variables that come into play.