I just came from the annual HOA meeting for where I live.

Is my belief that in most places, vacation rentals will turn on each other with incredible Market saturation making it difficult to do well. people talk about getting 20% annual return on a property in the Smokey's and elsewhere.

I've seen banks happy with 6% annual returns.

So the subject has a sale price of $925K , gross income for trailing 12 months was $150K and annual expenses were $58K of which $35K were utilities ( landlord pays and they are all city, water, sewer etc..).

I had a nice timeshare there once but the owners sold to new owners who kept raising annual maintenance fees until they were so high it was more affordable to rent a condo.I would like to build a large home there and have a total of five partners who would each have the right to occupy the home 10 weeks a year.

ExampleA=$1200.00 Properties monthly incomeB=$220.00 Monthly operating costs (property management, grass, and bug services)C=$700.00 The total cost of mortgage; monthly with insuranceA-B-C=Gross monthly profitor $1200-$220-$700=$280 of Gross monthly profit$280*12 months= $3360 of Gross annual profitGross annual profit-1 month rent for cap X (A)= Estimated net profit$3360-$1200=$2160 Annual net profit/Annual cash flow$2160/12 months=$180 of Net monthly profit/monthly cash flowOK, how is this equation similar or different from what other investors are using?

Property tax: Your $31/month is an annual amount of $372, which is 0.2% of the purchase price.

The deceased passed in 2017 and probate has been open ever since with extensions filed and the court has notified them to file and both POA's have missed the deadline but an annual for each year was filed to bring things current.

If you are serious about getting educated in investing in real estate, not just working in real estate (wholesaling is not investing, but it is a great way to make some cash, which you can then invest), then I'd suggest REIN's annual event next weekend.

My rule states that if an STR property generates annual rental revenue of 15% of your purchase price, it’s worth considering.Eg, a $300k house that earns $45k in gross annual rental revenue is typically something worth looking into.