Vacation Rental Formula / Resources
Hello, so i have several SFR and have used a really simple formula for buying them, those are the 1.5-2% rule where the monthly rent has to be 1.5 to 2% of the purchase for it to pass muster. All of those are profitable.
I am looking to get into vacation rentals and have not found a formula that works like this. Does anyone have any resources they would recommend that would assist in seeing if vacation rentals pass as a good investment?