And...most of us fit into this group, when we first began as well.So here is my tip for those who need, want it, and glad they have it. ( I wish I could have this posted some place where I wouldn't have to hunt and find it every time someone asks this questions on here, but perhaps the owners of this site might tag it, we will see)So...here it is.THIS IS THE PLAN1.Location, Location, Location .2.

I am also new to the REI and this site.

Expect the property to come up for sale soon on the auction sites and/or MLS

The budget has 10% management fee which is expected but then there’s a separate line item for site manager payroll at 5k.

Welcome to the site and congrats on making the commitment!

If you are doing simple math, Rent - PITI = Positive Cashflow w/o accounting for any aforementioned expenses, you are in for a rude awakening later on. $5K of rehab is not going to give you a whole lot of rehab.

This site truly is a wealth of information.

But in the same breath its kind of simple.

Someone know web site, journal and other... about market, rent of Miami, or about real estate in general !

The last STR potential regulation had a residency requirement; the owner needed to be on-site for it to rent any significant amount of days.  2) I have horror stories.