Let's just call it $3k/month for illustrative purposes.

What I have illustrated is what not to do by the example of a few who I would consider to me morons rather than wholesalers.

I'll just use an anecdote to illustrate my point.

To illustrate this there are probably 50+  active MLS properties in North Philadelphia/South West Philadelphia and other lower tier neighborhoods at any given time where you can complete the BRRRR  method but the real estate is lousy.

For illustration purposes, I own 3 bedroom rentals in Mount Airy that rent for $2,950/M.

Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak.___ So, James what you have posted is irrelevant, What's conflicting?

I'm not sure where you got your info from but this is an illustration of the fact that there's a huge amount of misinformation when it comes to investing overseas, here and elsewhere so be careful who you listen to.

To illustrate the other side, the rest of the island (outside of these resort zones) has historically been a place where owners can only do MTR's - 30 day + stays, but new legislation just got passed and it's looking like a minimum 90 day stay will be required.

Many turnkey operators tout strong rental returns, but will fail to illustrate the economic (employment, migration, infrastructure development, etc) projections necessary to make buy and hold viable in the long term.

Over time these numbers tend to increase.At $200 a door it takes a lot of units to make some money, which illustrates the importance of principal pay down, equity and appreciation when it comes to wealth generations.