With the crash, we snapped to the other extreme and that's where we are today, and the rubber band of the market is pulling things up, and will continue to do so until we near parity. 

I only have 6k saved up in cash but extremely good credit for my age.

100K for entire property before rehab is extremely hard to find in this market.

sorry I should have given some background i have many extremely successful years in telemarketing and have trained some extremely successful sales people, so what I am looking for is a mailer that someone has used to mail out to get leads that they will then call and market to them.

This is extremely helpful and I will be very careful crafting a lease (in TX).

@Greg Raymer These tips are extremely helpful for someone that is just starting out, thanks for sharing!

The great recession occurred in 2008, most of the 2000's had extremely high appreciation mostly caused from wall street greed and lenders writing loan to anyone who could fog a mirror.That said, today's crisis has an entirely different cause to it and will also have a different effect.

But NY State carves up its counties into larger "towns", and gives them a lot of power to regulate STRs themselves despite some of these areas being extremely rural.

The property is a recently renovated house in an extremely strong rental market.

While the income is not as high as STR the costs are also extremely lower than STR.