If you’re in Kansas, Nebraska, or Wyoming – your options are limited to non-existent (I don’t mean to denigrate brokers in small markets, but it just isn’t possible to be a specialist and make a living in many areas.

Why limit yourself to just buying the house next door because it just that, next door. 

Keep in mind that for owner occupied most lenders have a limit of 75% LTV, although some may go as high as 85%.

I am looking to set up an LLC and use that to buy rental properties to limit liability issues.

They have limited space so the land becomes more valuable.

My out of pocket limits I set for myself were 1500 since that is what Im paying now.

I'd love to meet you face-to-face but want to warn you I have a very limited schedule in the coming weeks. 

As I'm sure you're well aware at this point, Asheville city limits is mostly a no-go when it comes to STR.

This limits my options somewhat, but I am exploring long distance investing and team building.

Please correct me if I am missing some line items here, but here are the working numbers for the property:+ Gross Rental Income: $150,000- Cleaning Fees: ($21,600)- Management Fees:  ($19,260)- Property Taxes: ($3,700)- Insurance: ($2,400)- Trash & Local Tax: ($650)- Utilities: ($7,200)- Pest Control ($560)- Supplies/Maintenance: ($1200)- Acct/Legal: ($1500)TOTAL EXPENSES = ($58,070)Net Operating Income = $91,930---Based on my limited understanding of the local CAP rates for similar properties in Philadelphia, PA 19106 it looks like 5-6% is a realistic number.