Hi everyone,I’d love to get people’s opinions on my beach condo short term rental.1 bedroom, 1.5 bath. 800 square feet.All the numbers I used are taken directly from the current owners records.I made the str income $4,000.00 a month because the previous owners were grossing about $51K a year.This is not a home run.

You get to know your target neighbourhood: identify the properties of interest; then write some {yellow} letters - or have door knockers made - and get them to the owners.

When I listed it to sell, I included photos of old door knobs, lead glass windows, crown moldings etc which is what I look for in an investment property in Milwaukee, the old world charm with contemporary kitchen upgrades sets the unit apart from other rentals, because of this and the size of these units 1800 SQFT each, we were able to increase the rents significantly.

Tax lien states where you purchase the lien typically do not run into the 10's of thousands but rather are dictated by the amount of property tax owed, typically less than a few grand.

Electric running through rickety cracked frayed funky and brittle old stuff is a hazard.

Yeah I guess I'll have to dig deeper locally to get the run down...I had mentioned the BRRRR strategy as a way of getting more Airbnb rentals just was wanting to see if anyone was doing this.

Zillow, Trulia and other real estate data platforms began to break down the closed doors of fragmented local market multiple listing services (MLS).

I saw it as well, the only way is if you want to run/create a business in that space.

We can also run the revenue/occupancy reports you’ll need to make an informed decision.

Pick better neighborhoods and put a little more down to get to break even you will come out far ahead in the long run dont get so focused on cash flow per se.