Here rents are negotiable but the market is hot so it is probably rare...overpriced may sit for a month and then usually get marked down and rent out.

It's hot and prices are going up seemingly every month.

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You have to cover all utilities, which can add add a significant expense every month, especially if your rental requires a lot of heat or a/c, and if you have amenities like a hot tub.Unless you manage it yourself, you can pay anywhere from 10-35% for full service management.You also have to budget for replacement of furniture and other items.It's much harder to net cash on a vacation rental than a long-term rental, in my experience.

In hot markets, 95% of property owners behind on their taxes will pay off their taxes before the redemption period is over.

@Darrell Ross- You struck a hot topic as people are moving towards efficiency in the market.

Are the tenants taking showers two and three times a day and running these so long that they're running out of hot water each time, steaming the place up like a Turkish bath house? 

Thank you in advancePerferred Markets are Memphis and Nashville, TNCap rates range between 8-10% We have access to several thousand rental properties and approx. 500 actively for sale Outlook is amazing!

We worked it out with the electric company, but it has cost me nearly $2000 to install meters and properly ground the electrical system.The property was never connect to natural gas, causing our tenants to live without hot water.

First of all, the building is served by propane for heat and hot water.