It's market dependent, and it also depends on the type of guest your property will attract. 

That’s about right for a $800k-million property on the water with a private dock. 

or What if I buy at $1 million and only reinvest $400k?

Your mom, maybe she’s 80 or 90 inherits a house, maybe it’s worth $500k or a million if it’s in California.

The goal of the deal is to provide cash flow rather than a huge return on exit.For a starter boutique fund, I was thinking about capping at 5 million, doing a 7% pref with an 80/20 split.

It cash flows positively.Operationally, What makes it most attractive is that because it’s a condo building- the building has their own management and maintenance staff and association rules.

Hey BP,I'm in the process of closing on a property that my wife and I are going to put up as a lease-to-own option (3-year deal with a 5k lease option fee to buy).Does anyone have any advice on the best way to advertise this to get the right people replying to the ad to make it attractive?

Adding another million to your umbrella is 150 to 200 dollars per year.

Newly-built single-family home sales fell 5.9% in April to a 0.863 million annual rate.

The goal of the deal is to provide cash flow rather than a huge return on exit.For a starter boutique fund, I was thinking about capping at 5 million, doing a 7% pref with an 80/20 split.