However, the other benefits of owning real estate are: - Taxes (depreciation/potential accelerated depreciation)- Appreciation (this is NOT always guaranteed, but over time, you will have appreciation)- Building equity (in this scenario, as long as rent is paid, you'll build about $140 monthly in equity)Please note some expenses that are missing from this are: - Management fees (8-10% on average, if applicable)- Estimated vacancy costs (2-3%)- Estimated repairs (5%)Disclaimer: I am a real estate investor and own four rental properties. 

He givers a lot of practical advice about researching markets, building a team, and more.Personally, I think the Property Manager is the piece your success hinges on.

I always find REIA meetings great for networking with local lenders, contractors, property managers and other like minded investors who are usually willing to share referrals.

Unfortunately, the reality has been a cascade of disappointments, with the primary offender being the shockingly inadequate battery life.The promise of efficient power management proved hollow, as all 28 locks consistently suffered from rapid battery drain.

I use this to replenish consumables - toilet paper, trash bags, paper towel, soaps, etc.It's important to also note that I overstock a lot of these consumables so the guest should want for nothing when staying so to me it seems like a fair trade.I have also just started testing out the Management Fee function in Airbnb to spread charges over the nightly rate.

Ask the real estate agent, general contractor, property managers you intend to use. 

Wishing you much success during this project.

Not sure if they cover  Toledo but avoid Monument Property Management!

Does anyone know of any lenders that will lend on residential development projects (SF) in the Caribbean?  

I manage around 400 rentals with 14 years of experience and have never been sued once.