Here is what I come up with:Purchase Price: $400KIncome $37,620 (year two after 5% vacancy)Expenses $18,810 (50% rule, which may need to be more if you are covering all water)Debt Coverage $21,219 ($400K @ 3.375% 30 year fixed = $1,767.28 PI payment/mo)___________________________________________________________Cash Flow  NEGATIVE $2,409 per yearNO Deal...in my book anyway.

All of this hype will only exacerbate the negative effects of a crypto bubble that I do believe very obviously exists.

People want to be paid for their time.I think people automatically jump to negative thoughts abut paying for mentors because of the association with "*gurus* 1 hour seminar make a million dollar" ads. 

All in all, negative experience; although, I did learn a lot and gained a few hundred thousand skymiles :)Overall, as someone who desired a very hands-off approach, I did not find the flip process and its juice to be worth the squeeze.

Without thought I've kind of just followed the rule of thumb of capex being estimated at 10% of rent; it seems like that input might play a large part in all of my negative cash flow deals I've analyzed.Instead of estimating capex at 10% of rents, do you think it would be reasonable to back into capex by dividing $20k (a little more conservative than $16,000) by 360 months to get a monthly allocation towards capex?

I am uncertain what others see in this property but what I see is a huge amount of negative cash flow.

Thanks$230k Purchase Price$30k gross income/year (AirDNA/Rabbu)Yearly:$12000 Monthly payments$8000 utilities/capex/mx$7000 cleaning (70 stays/$100 per clean)Add in all the other costs and the cash flow is negative, even though it's such good loan terms.

Your property will negatively cash flow. 

That could lead to harassment of the guests all the way to physical confrontations.That will generate a ton of negative reviews and kill your listing right quick.

I don’t have BLS statistics on unemployment, but the city has been through the wringer, and nothing has really popped regarding a replacement for jobs.