I'm living my retirement and can plug in or out at any level. 

I do understand that this journey will not be easy for me, but I am willing to take the risk, and work my butt off.

Turbo Tax is a great program if you know what to plug into it. 

Thank you for added clarity and being plugged into the advisory committee.

@Isacc Lightbourn plenty of members have already posted responses, so all I'll add is that a cap rate is a "moment in time" valuation that is only as good as the data used to plug into the calculation.

That would need more investigation if I were truly considering this property - this exercise was mostly learning how to plug in the numbers and interpret the results.Yes, I'm projecting the property to be STR. 

They're experts and often already have the formulas on the top of their head.If you dont currently have a manager but are considering using one, this is a great way to start having conversations, too, and get an idea if they would be good to work with.And a plug for PM's, for me personally, they make me money.

In the past (prior to HELOC) I would just use the BP rental calculator and plug in all the numbers, but that is based on either a cash deal or financing.   

Paul: to keep your story valid you need to remove the people who bought in 2020 as well, since they too are kicking butt.

She takes care of the property and her children I’m sure it will work out but again, I’ll cover my butt.