Typically if they break the lease, they still owe rent for the remaining months of the lease agreement + they also owe to cover any damage/repairs to put the property back in its condition pre move-in.

That said, I'm not necessarily a typical tourist (if there is such a thing).My impression is that most tourists visit Zion for a day. 2 days at most.

They will typically choose the offer which is the best.

Closing costs: $3515 (3.5% down on FHA)Conventional 30 year @ 3.25%Income: Current rent: Lower 2BD $800 (rented MTM but I think I might be able to get $900)                     Upper 1BD $500 (I would occupy upper)Market Gross rents: $700-1200 2BDMonthly liabilities: Mortgage (P&I): $399Utilities: $150 Vacancy: $65 (5%) CapEx: $65 (5%) Insurance: $90 Repairs: $65 (5%) Property Management: Self managedProperty taxes: $408Total expenses: $1241Monthly cash flow~ $58.64/mo (Unless I can get $900 for rent then it would be ~$145/mo)My current rent is ~$500/mo with utilities.

Then you would just add in the projected amount of utility costs and insurance.

I plan on purchasing one or two turnkey properties first and then utilizing the BRRRR strategy on distressed multifamily properties once I gain more experience and I am able to take on more risks.

The way I approach them is when I'm talking about what they want, they typically say all cash and at market price.

Typically as people move further out into the suburbs they demand more space not less (ie, huge house, not apt)

Typically we get 35-55 attendees including a number who frequent BP.  

I utilize it with Zapier.