what are your assumptions to have arrived at a 10% cap rate?  

It was less than a week from their arrival and the subsequent laughter from co-workers at the fact that I had the audacity to call myself a real estate investor that these cards paid dividends on the $15 Vistaprint investment.

Also, the mailbox is not locked, so what if she says she put a check in there and it's not there when we arrive? 

We have an auto responder that sends out:\Confirmation of instant booking email with dates and promise of additional info closer to check-inConfirmation or booking request with a promise to review it and get back to themPre check-in instructions (3 days before arrival)Follow up the afternoon of first day of stay to ask if every is going well with their stayReminder of check out time and procedures 24 hours before departureThanks for your stay and reminder to leave review 2 days after stay is complete.These emails take care of 95% of guest communication.

I tried Home Depot, but it is going to take over a month for them to arrive.....is that typical?  

Short answer - yes.Long answer - if you had read the article, it accounts for the untested cases using some really solid methods and arrives at 2%.

I realize the hotter the market the more difficult it will be, but for a beginner like me I thought it would be worth asking the question. 

I would also like to meet some more seasoned investors once I arrive, so any recommendations for mentors or group meet ups in the area would be very helpful.  5).

We are currently building a house in Johns Island for us to live in but am very serious about getting our feet wet in the local markey once we arrive.

How did you arrive at your estimated rehab cost?