How much are my fellow BP peeps allowing an HOA fee to eat into their profits?

A slight difference in interest rates or fees can turn into a budget blowout that eats your profits.

curious, how much of your 40k profit had to go to closing costs and other fees?

If you follow this, you’ll typically earn a profit of around 12% to 15% of the ARV.

Plus it's tax inefficient, so on a $25k profit, you probably end up with $15-18k.

The main difference is that you don't borrow "money ", but instead buy the property from the lender over 360 payments, and the price of the property is marked up - this is the "profit" they charge.

Do we anticipate a spike in STR demand (and profit)?

She's telling me if I file as a REP, I would need to report rental profits/losses on Schedule C instead of the usual Schedule E and pay the the extra self employment taxes. 

 $200k equity produces $800 profit is a 4.8%.  

My goal is to be profiting $6,000/mo or more (if possible) after expenses, including property management.