So if you're okay to potentially lose $5k and you think the deal has enough room, I would pull the trigger.It is definitely a challenge finding a GC that will be on budget in Tampa.

Purchase price: $475,000 Cash invested: $120,000 https://www.airbnb.com/rooms/47909653

Still have plenty of room on the 50% vehicle to income ratio. 

My wife, Kerri, managed a 2-family as STR here in Wolfeboro and her mother does AirBNB on a room; that first one is now full-time rental that she manages. 

Based on what I learned from the internet, it seems that the best way is to count the number of rooms in the house and take a percentage of the total household expenses, i.e. we have 4 bedrooms, 1 living room, 1 dining room, 1 kitchen, 1 office, so the office expense should be 1/8 of the total expenses, including property tax, utility, home insurance, etc.  5.

Anyways, I was trying to see if they had any wiggle room in price and in the mean time they talked with their tax accountant/financial advisor and informed me that they no longer were interested in selling them.

Then I would try to squeeze a free room for myself in there too. 

We wanted to leave a good amount of wiggle room.

You also would like to have room to expand, the opportunity to add a U-Haul leasing, opportunities for ancillary sales and more.

I’m not to sure if I can qualify more if I mention I plan on making money with renting the rooms or potentially other units out though??