Which areas are you seeing your highest percentage of leads coming from?

The purpose of the agreement you're doing is as follows:To define the percentage each partner ownsTo define the compensation structureTo define the purpose of the partnershipTo define the capital contributions each partner will makeTo define who's in chargeTo define how the books and checking accounts are handledTo define the state laws that will be appliedTo define how net losses are handledTo define what the recourse is when you guys pull your pistols out and everybody starts shooting and wanting to go to courtUnderstand that contracts aren't worth the paper they're printed on.

I can find 10% COCR returns inclusive of management fees (and 25% might be a fair rate if your average rental period is just a few days, and they are the leading company in the area and provide a large percentage of repeat/direct bookings exclusive of the major listing sites).     

Why not buy fewer units that net the same percentage?  

This row number divided by the overall rows in the spreadsheet will give you a percentage of homes in your "neighborhood" for the past year that sold with less than 1200 sf.

RyanThere is also a Tempe renters tax of 1.4% I believe, you'll want to confirm the actual percentage.

From this data, you can utilize a website bestplaces.net that will give you a breakdown of the percentage of homes that sold, in various price ranges, for a given zip code.

Ask them what their occupancy percentage is.  

This will mess up your Debt To Income ratio and can prevent you from buying another house if it skews that percentage too high.OK class, by now you should know if you CAN rent your home out or if you NEED to sell.

- Loss of use is typically a percentage of the dwelling and is capped off at 12 or 24 months.