Let's look at MSA median incomes, because reality is when "investing" in a MSA Real Estate, well, revenue and profitability will be DIRECTLY dictated by your customer bases ability to pay, right. 

The house was appraised at 450k and we’d be paying her sister 200k.

It is possible, if you time it right, to get two bookings on one listing at the same time (a late cancel who still has to pay and a last minute guest booking). 

So instead of paying the bank for a home equity line of credit on my first home and paying them interest, I was able to use a personal loan to myself via my employer 403b and pay myself back with interest. 

I own 2 rental properties, the first one is paid in cash and the second one i have a mortgage on it which i pay 464 in total including tax and insurance, trying to see how much i would qualify using only my rental income while i look for a job once moving there in ilhaving a hard time qualify for a loan since they cant use my job income that i have here in cali, been told that I need to move there first and work at least 1 month and then apply or I need a job offer letter. 

He is a mentor of mine as well, and is not so interested in making money but rather he told me that he likes to see 7% in his passively invested accounts, so I offered and he accepted that I would pay him 8% APY On the principal that I borrowed. 

If you have to pay property tax and insurance they are expenses.

Enrolling was quick and much more affordable than what were paying locally.

The tenant may not pay their last months rent knowing its not worth your effort to evict with them already leaving.

Vacation homes you do really need to pay attention to the days rented as Yonah said.