Gross rents?

One of the biggest problem that investors have in this business, is dealing with partners and employees.

A ONE month vacancy costs you 8% of your yearly gross, and of course much more of your yearly net.

Hi All,Question, I am a high income W2 employee and considering purchasing a short term rental. 

ilovegoob,A property that has gross rents of $2,400 per month and a $1,700 mortgage payment is certainly going to have negative cash flow.

Eric,The original poster didn't tell us the gross rents on this property, so we don't know the actual cash flow numbers.

The owner and operator of that specific location is responsible for its operation and employees.

I have a full time employee at my nutrition store so thats not going to be an issue. oh yah btw my goals are to be finacially free so i can spend time with my amazing wife and raise a Godly family who serves the Lord. i want to be able to have the freedom to travel and hopefully one day start my own church....heres the deal...my soon to be brother in law thinks much like i do and is already starting to get his feet wet in this business. he is 24 as well. he made me an offer that if i came on board with him he would teach me the business and introduce me to his investors, ect. he said i could go find properties that i wanted to purchase and use the investors money and that we could rent the houses out and i would make 1/3 of the rent we profited each month plus 1/3 of the profit once we sell the home. i basically have no risk and need to cash of my own. sounds like a good to me and i can gain some awesome experience for bigger ventures down the road. i wanted to get any advice or input from you guys on to what you guys would do if you were in my shoes. i am very teachable and would love for someone to mentor me on here. thanks ahead of time-jeremy

.- About 20% of our employees now telecommute on a daily basis (including international).- About 60% of our workforce telecommutes on a part-time basis (ie. they will telecommute from time to time, but not daily).I think the emerging technologies we see in this sector provide more flexibility, but they don't allow 100% fluid movement.

In Connecticut, me and my girlfriend's combined gross income would have to be under 81K and it's not.