Hello,I am looking for details on occupancy rates that other owners are achieving in their short term rentals in the Mt.

Are there books, Podcasts or ways that I can study about how it's done and the details involved.

I would also recommend a good general contractor who has a good eye for things and is organized, I pay mine $100 to go look at the distressed property and take a walk through video and tell me what needs replacing such as subfloors, mechanicals, roof, ect.

It can also lead to the many horror stories of assessments of thousand and thousands of dollars because they need to put on new a new roof or do some other capex project and the HOA is broke.But with all that said, don't let it discourage you, I just want to make sure you go in with your eyes wide open and are not distracted by potential returns.

Hi Matthew, keep your eye on real estate the best advice i can give you is find someone you can help.

@Albert Bui might have some more detailed and specific information for your situation if you reach out to him directly. 

I like that play the best personally.Unless you make an offer on the note that is just too good to be true or a screaming deal.. then you can do all the work it takes in that state.. it was an eye opener for me to do the one I did and it quite the process ..

Do you mind giving some details on how you did this?

I might have them right but if I do then it isn't really a cash flowing deal so I would appreciate some more experienced eyes on this.Purchase Price $79,000Sellers is paying the first $2000 of closing costsEstimated Repairs $20,000ARV $120,000This is two separate homes on the same property both are pretty much identical.Conservatively looking at $650 a month rent for each so $1300/month incomeRDP Insurance $1668 annually for bothTaxes around $1200I am figuring 5.5% for all loan valuesUsing about $44,800 on a HELOC and $66,200 on a 25 year amortized loan.Figuring 30% for all repair, vacancy, cap ex, and property management My totals come up to like $46/month cash flow. 

Would love someone to open my eyes a little further!