If that covers the $400 I think you’r ahead.

We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage? 

I have a new-construction SFR property under contract, and the seller disclosed that there had been heavy metal contamination in the soil due to mining activity many years ago.

I’m wondering if the new casino will raise the values in a few years and if a low income but not crime heavy area would be worth it?

I ran into 1) not covering RE in CA 2) not covering vehicle in CA 3) requiring all our insurance to be with the insurer providing the umbrella policy.  

A professional property manager should handle the heavy lifting, ensuring your investment is protected and profitable without adding stress to your plate.

(I am a silent investor, the developer is doing all the heavy lifting, and we split profits at the end)

Went a bit heavy on the annual taxes due to the increase in the area the past few years.

Ft)Heavy Cosmetic ($60 x Sq.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.