They hold your money, spend it without your permission and you have to call and email incessantly to get a release of your monthly draw.

Don’t forget utilities, accounting, snow removal and so on.Most people foolishly don’t set aside money for cap ex (capital expenses) things have to be replaced over time.

My offshore assistants can:- call someone to clear the road of snow leading up to your cabin- call someone to remove a 50 year old tree that fell in your driveway last night and the guests can't depart.- call someone to remove a snake from under the sofa- call someone to remove the trash when it's piling up- help guests find your cabin when it is 1am and they are completely lostAnd much much more!

That sure beats months of snow and 0 degree weather you see out east. 

Hey @Michael Baum what about buying a couple snowmobiles, making an ice rink, buy some snow shoes , fireplace …voilà the ultimate winter vacation spot for your “Offseason “(snowmobile  is expensive I know ) Hehe, well, the ice on the lake isn't that thick for skating.

Maybe a yard maintenance (gardening, snow removal, lawn maintenance, etc) service. 

Think about it—especially with single-family homes, tenants are often responsible for shoveling snow, mowing the lawn, paying all utilities, and maintaining the property.

However, you're missing accounting, advertising, legal, common electric, extermination, water, sewer, trash, inspections (if applicable) and snow/lawn so...

That affects your loan amount and then principal & interest payment.2) Estimate rents based on recent rental comps3) Account for all operating expenses such as property taxes, insurance, repairs & maintenance (landscaping, snow removal, cleaning etc), property management (if applicable), vacancy, utilities (what does the tenant pay vs what you would pay?)

Warmer' Winters: While we still experience snow, the winters here are generally milder compared to New York.Growing Market: Nashville is a booming city with an insane housing market, presenting countless opportunities for real estate investment & House Flips.We also seized the opportunity to buy a beautiful foreclosure home for $775k, which is essentially a mansion with incredible value/equity (Worth $1.3M).