Hello BP Family,What are your thoughts and/or experiences with rental vacation property?

Please assist....I have a drug dealer for a tenant. I actually saw the person dealing. My immediate reaction was to call the police and evict him. Then...several things came to my mind.

a) If I have him arrested,...

Sorry, I asked the wrong question. I meant to say What is a good cap rate? How do you determine what CAP rate you should strive for?

Thanks!

This is such a basic question, but I don't quite understand the basics of it.

If my income increases by 3.5% per year (that's my current raise per year per our contract) and inflation has been between 3-5% pe...

Hi, there is a 4-plex I'd like to buy. However the asking price is a rich $920,000. I figured out based on NOI, that if I put 3.5% down as an owner occupied FHA loan, that all I can afford to offer is $500,000. He pos...

Consider two investors just getting started. One wants to build and is in principle opposed to buying existing structures; the other is only interested in buying. 
Which will come out on top? 
I know that most will ...

Just out of curiosity, how many hours of sleep do you get a night? How many do you think you need? I love my sleep, but after reading the Miracle Morning by Hal Elrod, my entire philosophy on sleep has changed, and I ...

How do you evaluate what improvements are profitable for rental units?Assuming everything is repainted & clean, what is a good framework to understand the impact of:-new kitchen countertops -bathroom updates-lands...

I'm 33 and looking to relocate. I was an interior designer (cabinet sales basically) in Denver, Colorado before the corona. Now I'm provided with a new opportunity. Im not going back to my old job and I can basically ...

Good afternoon all my fellow STR'ers!I have a home in Florida that I STR in Four Corners, FL when I'm not there. It is a good sized home (3000 sf) in a great location on a lake. I've done reasonably well renting it ou...