@Steve Maye thanks for the detail, I think we asked that because you were interested in knowing if what you did was smart or not and since we did not have the full picture I think @Joe Villenueve and I wanted to have more detail to give an opinion.From the number you provided I think it was a good investment.A couple of things you will need for your math to be realistic long term is:1.

I recommend you consult with someone who can evaluate these assets and help you develop a plan that realistically meets your goals on a risk adjusted basis.

With the add, make sure you are being realistic.

We understand that it's not very realistic to expect that a vacation rental will be the greatest investment but this is a hybrid endeavor.

They had already paid the full security deposit and met us at the house to give us the first month's rent when we discovered the theft.Given the many moving parts of your renovation which are out of your control, I know I'd sleep better by not juggling tenant commitments and showings and money until I felt the move-in date could realistically be within 2 weeks; i.e., wait until the beginning of February to see where things stand.

Others may be able to chime in whether this seems realistic or not and I would appreciate the feedback.

I am trying to be realistic as I still have that job so will have to fit it in.

One is to have realistic expectations.

I think it is a fine place to start as long as the investor has a realistic expectation of how hard it will be and how long it might take.

Pay off any and all debtsCredit forums are a great wealth of information of realistic cards and all that.