We sold a house with a low rate that would have cash-flowed really well because I saw the future deferred maintenance.

For example, let’s say someone sets an annual goal of cash-flowing $120k ($10k/month) a year in passive income, and then sets a quarterly milestone of acquiring 20 units.

A $2,100 rent estimate looks promising, but be sure to account for property management fees, maintenance, and your solar loan when calculating cash flow.

Access to MLS is one of the best reasons for investors to get their license since it's such a low bar to entry and low annual fees for that and access to all dumps on the market.

At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.

@Angelo Llamas Even if your rental property breaks even, you should still claim allowable tax deductions like maintenance, travel, insurance, property taxes, and depreciation.

Get listed on all the OTA’s and a direct booking site, use good management software like HostAway, use dynamic pricing software like pricelabs, use WiFi enabled smart locks like Schlage encode, use an email capture system for guests to login to WiFi like stayfi, use those captured emails to do marketing for your direct booking site, and automate scheduling and payments for cleaners and maintenance.

Higher maintenance and vacancy create less cash flow.

How much deferred maintenance is there?

. $1200 at 1.5 months vacant will yield a greater annual EGI ($12,600) than $1350 with 3 months vacant ($12,150).