@Johnny Wolff Would say it depends on the city.We used to manage a property in Royal Oak, Michigan under the same "roommate" concept as you.

It’s the simplest way to get a feel of what it is like to be a landlord without going through the hassle of managing rehab projects.

I don't understand why there is such a wide variance between these two cabins right now - same formula.Also, I asked @Collin H. if there was any correlation he could find between the cabins his company manages that are doing somewhere between 15% drop to 50% drop and he said he could find no correlation.If I were to build another any time soon, it would be with a huge down payment, so it would not be so heavily leveraged for my risk tolerance right now.  

Expenses like this include things like property taxes, insurance, maintenance, administrative and office costs, payroll, marketing expenses, and property management fees. 

Gotta get you a good PMS to manage effectively.

We are working with a designer and project manager out of state to setup a STR for a property we just bought. 

True , GC is like a teacher to subcon , but after years of experience , it is the GC that’s hands on , practical and having leverage.my GC guy would kill me if I hired his subcon and giving him 40 dollar per hour , for example , lol.GC and subcon is like manager and employee in tech company lol ….

If you have a reserve of $6,000 for one property, your annual cash flow could still be hit hard by a bad tenant, or the combination of a bad tenant and a failed furnace.I'm curious how you manage to spend 4-6 hours per day on real estate.

The bigger issue is you need the ability to manage the entire process. 

I don't count flipping houses part time or owning a couple rentals, but working as a property manager or asset manager for an operator.