A better calculation for your property is IRR …IRR is calculated using the same concept as net present value (NPV), except it sets the NPV equal to zero.

You don't need any money to your name, except gas money

There are quite a few markets where 1% is unachievable (California is a prime example, except for pockets).

No exceptions."

The months supply rose for each type of home except higher-priced condos.

Honor their pricing and you will have exceptional reviews.If they can not rebook, I would still honor their booking.

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

Sounds sussy. this is why we only deal in cash, But even still, 8% rate with 15% net ,still ahead of the game Good Luck Except the score of this game is based on dollars. 

A dependable tenant is someone who:Has stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsSuch tenants are the exception, not the norm.