With the stock market crashing we want to move some more money into real estate. Now I don't think that SF is a good market to flip homes but we also have interest in have a place to use on Occassion. I've read the rules with SF Short term and only looking at places @$1M that has short term friendly HOAs. We also might consider executive rentals.
Whats the real potential here? Here my first wack at it. I don't mind covering $1,000 a month but $1600 is getting a little rich. Who's done this well and can reach out?
|Short Term Rental|
|90 days @ 600 + short term||65000|
|less mgt and fees||52000|
|Cash Flow Monthly||-3766.6667|
|Cash Flow Yearly||-45200|
|Loss + Depreciation||-66866.667|
|Cash flow after Tax Benefit||-19790.667||or monthly||-1649.2222|