2BR 700k vs 3BR 800k short term rental
I’m thinking of investing in either a) 700k 2 bedroom or b) 800k 3 bedroom vacation rental in a ski and lake town. I have gotten some rental numbers from a couple properties but not the particular ones I want to put an offer on. I’m trying to see if I am missing anything in my cash flow analysis. I’m using the average rental income from another 2 bedroom which includes vacancy so I put vacancy as 0.
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@Rachel Turnerif you set your vacancy rate at 0 that means your occupancy rate is 100%. Use 60% as a conservative occupancy rate.
Why are your maintenance costs so high?