Eventually, you might hit that number, especially with a lot of units in an area with really low vacancies and you're a marketing guru who can keep your vacancy rate below 3% (almost no one is), but initially, I'd expect it to be quite a bit higher, so it'll take a while before things are in the black.I think the standard number is 10% for vacancies alone and 5% for maintenance if you do your own PM, and an extra 3% if you don't. 

To earn that hands-on learning offer to do some of the work that would be more tedious to that investor but can also help you learn in the process, such as drafting an offer letter, initial cleaning of the property, etc.When it comes time that you'll have the cash and debt (and credit rating) position for your own first investment, you'll also have a solid foundation of learning. 

This means that even with the rapid price increase, you will still receive a good initial return and expect your return to growing as rents increase.I hope the above helps.

As you likely know, the attached analysis does not account for financing costs, but initial or ongoing.  

My initial thoughts are coffee shop and hotel, then watch the entire area take off.I'm curious if anyone has any insight on whom to target, how to go about targeting them, and what other metrics and information I should have on hand when the discussion is brought to the table.

I'm not saying I'd never visit it, I'm just saying to do the initial screening and the like. 

I have refinanced and removed the PMI I had initially, bought down to a lower interest rate (2.75%).

The expansion of an existing facility is always more profitable thanthe initial purchase or build.A.

I have already completed the initial home inspection, repairs are being completed as we speak, so outside of the re-inspection, I am just waiting to sit at the closing table.

My initial analysis is completely on the buy and renovate side.