I'd guess $12,000 - $15,000, including the utility work - based on my experiences in SoCal.....

They do tend to require more time managing and ensuring that your rental rates are competitive based on current STR availability/rates in your area.

Very interested in real life cons to this approach to real estate investing.Thanks.Hi Pamela,Investing in a resort condo in vacation spots like Kissimmee or Orlando can be an appealing real estate venture due to the high tourist traffic and the potential for steady rental income.

My investment strategy revolves around viewing cash flow as a tool to build reserves for both short and long-term capital expenditures.One key aspect of wealth accumulation in real estate, as you rightly mentioned, is the gradual reduction of your principal mortgage balance by others and the accrual of forced equity and natural equity through market appreciation.I operate Elevation Appraisal in the valley and serve as an agent with Windermere Bozeman.

Investing internationally is a huge opportunity, especially now that the US model based on cheap debt is kinda broken, but investors need to know what they're doing or they need to work with people who know what they're doing.

 Continue buying, keeping some and flipping Anything in my market where the net cap is 20% ish based on cash purchase. 

While this property is not acting as a cash flowing investment property, it has served the wonderful purpose of showing us how to navigate the real estate market at a base level.

Whatever the numbers turn out to be...now we can base our decision a little better.  

Loan would be based on ARV and typically at 75% LTV for a cash out if you are looking to pull as much equity out. 

I'd recommend looking at Kyle Stanley's 'Fearless Flipper' on youtube - he's based out of Fresno.