They stated that the “market rent” came lower than expected and tried to tell me that market rents in the area justify $1300, which that’s just what I “accepted” on paper from the tenant.

There is a lot of competition and you need a lot of marketing spend even to make a dent.

. +30% vacancy for 24 months, caused by two evictions, one unit on market for 7 months, and the two new properties taking 1 year in renovations instead of 4 month estimate (~$30k of lost income above assumption of 10%)2. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.

I am not too far away in CLT and work frequently in the Asheville market.

Revenue approx $450K, 45% profit.I am posting here because I am seeking a partner who can assist with financing further developments, including purchasing land and building and selling (flipping) 6 villas this year.If anyone has questions about the real estate market in Bali or is interested in potential collaboration, please feel free to reach out.

Question for the GC's out there... in markets such as Charlotte, Nashville, New Orleans, Orlando etc (Southeast), what would most GC's quote as a ballpark estimate for total labor cost (if owner is supplying all building materials) on a 1500-1800 sf new build.

The reality is people are making money in virtually every market.

I was wondering if buying a long term rental property with tenants already in place in a market that is up 20% yoy is a good investement or not. the rough numbers ive been running seem to have a decent cap rate but the house is about 15k more than the zipcode average.

The reason I ask is in my market appraisers often do not look up permits to determine a unit is legal if the unit appears to be legal.  

I can help you explore refinancing options in the future to lower your interest rate, especially if market conditions improve.Living in the property for 18 months while renting a room can help you offset mortgage payments and reduce living expenses.This strategy also gives you time to understand the local rental market and plan for full rental income after you move out.Fixed-Rate vs.