If you have ever known anyone who is really great at that silo of the business, you would know that they establish relationships with probate attorneys, CPAs, church leaders, and the like. 

Poor returns can shut down your credit line.Short answer:  If you break even on the first one you are doing well.  

Purchase price: $850,000 Cash invested: $40,000 Short term rental, very hands on for 3 months out of the year, but also completely shut down for 6 months annually.

But then there are streets with owner-occupants that have been there for many, many years and who all know each other, because they all go to the same church on the next block. it's those bad pockets that create the bad reputation and the stigma that people hear about.

@Rick Pozos The guys I know that make it land lording over there shut off electricity when rent isn't paid on time.

you shut the power off and now what?

That is close (4 hours) from me so if it was a desirable market I’d like to hear it.I know they just sunk a ton of money in a few golf courses that should be big draws Mar-October.does Pidgeon forge shut off in the winter months?

But the current guest wasn't getting the door shut properly so the lock was trying repeatedly to connect.

One month we have to pay a special assessment within 30 days or the electric and gas will be shut off.

@Kevin Suarez Sabugo I don't know if I got an answer to my question but I did buy a condo in Puerto Vallarta... and then the world shut down because of COVID.