I had a porn movie shot at my 3 story house about 6 years ago. 

V/R,

All of these numbers can be adjusted depending on the details of each specific situation:Maximum Offer Formula for Flip or Wholesale DealARV Minus: Repairs/Upgrades (use $20/sq ft or get estimates on HomeAdvisor.com, confirm later with actual bids) Holding Costs (Utilities, Yard Maintenance, Snow Removal, etc. during rehab) Closing Costs (Agent Fees and Closing Costs to Resell, ARV x 10%) Financing Costs (Annual Interest Rate x Loan Amount divided by 2 for 6 mo Rehab + Points) Vacancy Insurance (Get Quote) Your Wholesale Fee (don’t subtract this if you are flipping it yourself) Profit You Want Flipper to Make (ARV x 15%)Equals Your Maximum OfferCash Flow FormulaProjected Monthly Rental Income Minus All Monthly Expenses: Vacancy Rate (VR% x Monthly Rent - Find both at BestPlaces.net) Prop Mgmt Fees (10% national avg, even if you are managing yourself so it’s in the budget if you need it later).

You need a $900 annual VR certificate plus high TOT taxes for every rental.

VR's are a great way to get some cash flow going quickly that you can use on any other sort of real estate purchase that you want, and to scale faster.

But the income from our VR apparently can't be counted for a least one whole year on taxes or up to 2 years proving stable income.

Best regards and v/r,Brian (Auto)

V/r,Keedrick 

Or just do a Charlie Sheen and get a huge mansion, a huge pile of blow, a few porn star girlfriends and say crazy things like "tiger blood" between your visits to AIDS specialists and Viagra doctors. 

I'm in the Vacation Rental industry, a controller for a company that manages 150+ properties, and we have a VR (Vacation Rental) in our ADU.