There's lots of things that impact a short-term rental's performance and value that won't fit into that calculator, such as how many it will accommodate, does it have a view, proximity to attractions, are the roads difficult, etc.  

After lots of hard work, learning curves, research, and BP podcasts of course, we are in a position to do the projects we love on our own.

I mean, the next time we sell there simply might not be a property that fits our objectives especially in the 45 day identification period.

Hi @Jimmy Samai, ultimately the decision is up to you on whether or not you want to try out the course.

Of course their are tenants that, you would never want to work with, and that’s when you hear horror stories.

Of course we just told them they are fine to make their branch cover it, but since you do not have ADCON over us we are not covering it.

William, You need to do the full math, as @Peter M. mentioned and did for you, the percent rules are just for quick analysis like he said. the percentage will analysis people usually use to help tell them if they want to run the numbers further on the property because it fits a certain % criteria. that's OK but does not fit every situation, what if you know the area is an up and coming hot spot and even if the % number is off - because the incoming rent is below market and you know that they will be going up - then the percentage rule will tell you to walk away and you would miss out on a property that a full analysis from the beginning would tell you to jump on that property because you would know that the rents were below market and that they are going up. forget the percent rules, learn the area you want to invest in, you will learn what the area does, the rent it gets and how much would be a good amount to purchase for based on the amount of rent you can collect for that property.

So wouldn’t he still only be able to do 2 a year unless of course he was using hard or private money.

The latter may be similar between the two loan programs but it's definitely something to ask your mortgage person about specifically.Good luck and keep us updated on your progress of course!

Of course, this is true in most scenarios, but it is particularly important when house hacking.