Purchase price: $50,000 Cash invested: $120,000 Sale price: $180,000 purchased 9000sqft lot, build a 3beds 2 baths 1632 sqft house, completed house with certificate of occupancy in 3 months from date of permit approval.

I hadlightning take out a 55" TCL Roku, a full-size virtual pinball table, xbox, directTv and internet equipment in a single hit with a guest in place, and the next guests big thing was wanting to play the pinball table.  

When writing new leases, I make the end dates on 5/31.

-The Days on Market (DOM) figure for single-family homes fell from 51 to 26;-Total property sales rose 9.2 percent with 12,036 units sold;-Total dollar volume increased 26.7 percent to $4.3 billion;-The single-family average price increased 14.0 percent to $380,233; -The single-family median price rose 15.2 percent to $310,000; -Single-family homes months of inventory registered a 1.9-months supply, down from 2.6 months year-over-year and below the national inventory of 2.6 months;-On a year-to-date basis, single-family homes sales are running 17.4 percent ahead of 2020’s record pace.

That does not include all other fee, keep in mind that STR property managers deal with the high turnover, maintenance, repairs, cleaning, dealing with all the furniture, appliances, services like cable, internet,  and all other amenities including pools if you have one. let me know if you need a referral to a STR property manager or if you have any other questions.  

I am not sure if you are aware, but smoke detectors have expiration dates.

"Given the risk to businesses considering eviction records during the effective dates of the legislation referenced above, AppFolio will no longer be reporting Landlord Tenant records (i.e. eviction records) created and/or filed from March 1, 2020 until August 31, 2021 on our screening reports effective immediately"Cleveland Did an amazing job getting rental assistance to struggling tenants ( I helped get 15K of rental assistance to clients), and they still moved forward with Evictions for Problem Tenants( like the Drug dealer waving a gun at my other tenants) So in Cleveland, If you got evicted in 2021/2020, you really earned it.

- airDNA forecast increasing, >$550/night by 2021)Short term Rental Fees:-Property Mgmt (20% of revenue)= $1900.00 -Local tax (13% of revenue) = $1235.00General fees:-Mortgage Principal+Int: $1578-Insurance(monthly): $160-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Utilities/electric: $250-Utilities/grass: $150-Utilities/water: $100 -Utilities/Internet: $70 -Cap Ex (saving 5% of revenue): $475-Vacancy (Saving 5% of revenue): $475——————Total: $7410$9500-7410$ = $2090 cash flow/month on average ——More traditional rental, eg month-to-month: 4 months per yearRental IncomeUnit 1-(3 bd/1ba): $2500/mo Unit 2- (1 bd/1ba): $1100/moUnit 3- (1bd/1ba): $1000/moTotal: $4600/monthGeneral fees:-Mortgage Principal: $1578-Insurance(monthly): $160-Property Mgmt (10% of revenue)= $460-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Cap Ex (saving 2.5% of revenue): $ 122.5-Vacancy (Saving 2.5% of revenue): $ 122.5Total: $3460/month$4600-3460= $1140/month in cashflow on average

But was that the lease termination date?

I’m learning as much as I can about investing while on this one year journey from reading books listening to podcasts and practicing analyzing properties while I have internet approximately once a month for a few days.I’m originally located in Orlando, FL and plan to purchase a 4-plex to start house hacking with once I’m home.Long term goal is to have a portfolio of multifamily properties.