I can see the benefit though of a house with a bunch of kiddos.. with hotels its easy to know what to expect from certain brands.. not all hotels/motels are good either @Jim K. 

However, while I’m there, I’d love to see the areas that are good neighborhoods and investments.

I estimate 5% maintenance, 5% vacancy and 5% capex until I can see the property and know the condition.

Richmond RING is back in person, they should be meeting up next week, waiting to see the exact date which should be posted soon on facebook.

@Hunter WilburnRegarding the rent as income, my personal experience is they want to see the property rental mortgage for at least a year. 

Right you see the issue..  

I will paint a picture for you and see if you see the point I am trying to make , then I will really give you a bit of my personal insight.

I see the best plays right now in countries with currency plays (Brazil) and/or heavily dependent on tourism which has been crushed  by Covid (Italy).  

Then I look at bedroom count (I like 3 bedroom properties but I will buy some 2 bedroom if they are a good enough deal).Then I look at the pictures to see the extent of the rehab needed and to see if there is anything functionally obsolete about the property such as 7 food ceilings or small rooms with no closets that are trying to be passed off as a bedroom, or a really small kitchen that doesn’t fit any appliances.If the price is right (all-in at 75% of the ARV and it can cash flow about $200 or more and I’m walking into 20k - 40k of equity when I buy the property) and the property isn’t too weird, I’ll buy it.

I could see the city wanting me to open up the walls, etc to look at plumbing and electrical.