It's the Lot that has the value and if the Big Bad Wolf comes along and blows it down, who cares!

MLS deals do give you more assurance that your seller is serious, but it blows my mind how many times I've heard "I don't want to see anything on market" or, "I've already seen everything on the market".

The Poconos Association of Vacation Rental Owners has launched with a mission to represent and advance the interests of vacation rental owners in the Poconos and advocate for practical short-term rental regulation; while providing members with the educational, networking, and resources they need to run responsible and profitable businesses.

The bigger pockets episode #599 was mind blowing!

That class is great and mind blowing but leaves you with more questions than answers and then at the end you're approached with multiple ways to spend even more money to learn more.

Yeah I am definitely an advocate of self management personally.  

You will be filthy rich and you can retire from that one property and live on Easy Street.BUT YOU MAKE MORE THAN $259,200 when you raise the rents only $60 because you still need to add the your annual rent increase to the $259,200 so when you increase the rents by only $60 you really earn $259,200 in appreciation plus the $14,400 that you actually collect from the rent increase = $259,200 + $14,400 = $273,600 you earn by the end of the 12th month after you increased the rent.So, never look as properties that are less than 4 units and you can always find units that are cheaper than single family homes and you will always find properties with a positive cashflow.There is a calculator on BP that does calculations very close to the image below and the numbers on my image should blow your mind and send you into a whole new world.

PS  NO AGENT is suggesting higher purchase price to make a higher commission that is just not true and of course those that dont know the industry think that but really think about it  they get you to raise your price by 20k and even if they are making 3%  thats a whopping 600.00 bucks  RIGHT who is going to risk blowing a deal trying to get the buyer to come up so they can make a few hundred more dollars  LOL.. 

I have had tenants reach out and advocate for additional improvement essentially on their dime.A very common and true adage is that good/happy tenants are cheaper than the alternative.

You'll be amazed at how quickly you blow through tens of thousands of dollars when you start digging into a place.