Other costs include $1,100 for taxes and insurance, $580 in HOA fees, and $200 for lawn care, totaling $1,880 per month.These rental properties are situated in desirable locations, and I have enjoyed consistent long-term tenancy with minimal turnover.

They will act as a broker to source you health insurance (and other types like general liability etc) or other stuff you may want.I think we pay them around $1,000 per year, which if you tried to do that think of the time and effort. 

You lost that money because it couldn't be appraised and the same sq ft if it was heated would be worth $200 per sq ft at a minimum in any market which is $80k swing.

It's next to my house so I could easily manage the property myself and rent it out for $2000+ per month.

I didn't want to pay double banking fees and put in the cash.

That lower rate might cost you more in up front fees, you might get crappy communication from the lender, slow or incompetent underwriting, or something that ultimately causes you to lose time, money and/or the deal altogether. 

I have ran the numbers on many calculators with a purchase range of 200-300k and the math just ain’t mathing (break even or negative per month). 

If you have few minutes would love to discuss the details of the deal. 

My wife and I are looking to purchase a beach vacation property where we can take the kids once or twice per year and then rent most of the year.

If you have few minutes would love to discuss over a phone call.Thanks,Abhishek Patel (AB)Commercial LenderO: 312-492-4586 E:[email protected] Commercial Capital