Vacancies dragged, communication wasn’t great, and the value just wasn’t there for the fee.

Have I missed any other taxes that I should know about when conducting due diligence on the figures side of things to make sure the ROI stacks up.ThanksSteve

It applies late fees, lets tenants pay by credit card, or ACH payments, and also has a tenant facing portal where they can see their statement of their account, as well as report maintenance issues and pay their rent with the click of a button.  

This is due to the function of amortization, stacking your monthly payment with much more interest than principal in the early years of the loan.

Typically the vertical sewer stack in the house is cast iron and can be replaced with PVC.

I keep about $5,000 in a HYSA and have a high paying job so large unforeseen events go on credit card and get paid off with next couple paychecks avoiding cc interest fees.

Over the last 12–18 months, I’ve noticed a pretty significant shift in where the best deals are actually coming from.What I’m seeing on the “buy” side:Turnkey STRs are still trading at strong multiples if they’re well-designed (A-frames, chalets, cabins with amenities)A lot of listings look like deals but fall apart once you factor in:Occupancy limits (Septic-sized occupancy limitations are a big issue here) Deferred maintenance of older homes ( Many homes here were built in the 1960s-1980s)HOA Fees for where these properties exist. 

That business model also tends to require being extremely hands-on, which seems at odds with the lifestyle goal of replacing a stable job.So if someone truly believes running around managing low-value homes is a better long-term life choice than a reliable W2 job, then by all means go for it—but it’s not for most.Another way people replace W2 income that may be more realistic is by getting involved in real estate with more meaningful fee potential, which usually means heavier construction-oriented development.

PMs are taking a big chunk out of your income, also in repairs, not only fees. 

Of course this is super simple and there are cost, fees, etc.Ricky Bobby said in Talladega Nights "If aint first, you're last !!!"