Down the road as you go over 4 properties held, it will increase steadily to the 6% mark.  

The mean temperatures in Colorado Springs have risen in the last 50 years, and the number of unusually hot days has also increased, so while homes didn't used to need AC, I think it's a must now.For that reason, I'd agree with @Aaron K.

Plywood has risen ~300% since pre-Covid.   

Don't understand why job growth has risen while population hasn't. http://patch.com/ohio/cleveland/cleveland-jobs-gro...

Better get out of the analysis paralysis mode soon as prices have been steadily rising and it looks as though that trend will continue throughout the rest of the year.

Normally, you spend this reserve slowly and steadily: take about 3% of it every year.

Though by the time you do by there, the prices may have risen too much for your target.

That's a hypothetical assuming that interest rates have risen in the future.

Hey @Sailin Li - I agree with the strategy, although cabin prices have risen significantly your money can still go much farther if you focus on STR's.

Rates have risen a bit this year as investors are catching on to how amazing a loan product it is and banks are starting to cut back a bit, but its still a magical loan program.The property typically has to be 50 miles from your residence (doesn't matter whether you rent or own that residence though), and has to be a vacation home in nature (this is vague I know but its a pretty low hurdle - my understanding is it just eliminates properties that really don't make sense as vacation homes, such as fourplexes).