This does not include being able to work a regular job.

Like I said this vacation / rental for me, is a bit more personal (because I love the Outer Banks) and I am having feelings of letting certain numbers ride that I normally wouldn't in one of my regular investments only because I want to have a place down there.

I would repair the carriage house if it will produce $1,800 per month in rent for a $40,000 expense.Good luck.Bill

While it's not measurable ROI, I really do have the feeling that (like I was blabbing about before) all the little things add up to longer tenancies, which reduce vacancy/refresh costs, and do produce ROI through that channel..

What we have put in-place for ourselves would likely not be appropriate in you situation.In Canada I was going to start investing as sole proprietorship so i could get the lower tax rate ( the need for liability protection via corporate structure is lower in Canada).When you are first starting out there can be benefits to holding {residential rental} property in your own name - especially if you are expecting to produce negative cash-flow in the first year or two as you can use the loss against your earned income from other sources.

You can build a ladder as when you show income on property for 2 consecutive years, it's income producing (rather than debt) for mortgage purpose.

I know this can be come and in many cases I have seen it done for less and for units that then produce $450-$500 for a 2b/1b so $900-$1000 for the duplex total.

Having disclosures and having a judge care about them when you intentionally screw someone over that says they didn't understand all the paperwork are very different things.If they do that on a regular basis I assume they will go down hard the first time someone does get pissed off enough to see what they can do.These are definitely the sh*t stains of our industry that give everyone else a bad name.

I know I have a great lead when people call and repeat lines from the postcard - over time, you can tell what resonates with people and gets them to call...As far as the MEDIUM - the 2 best producers are pay-per-click and direct mail to owners with equity....

I am specifically curious about how intense the day-to-day management aspects are (or if you have hired someone to manage this), any issues with internet connectivity based on specific professions (I have been warned off photographers and folks who regularly video-conference), along with any revenue-generating value-adds you have employed and rough profitability vs. any other commercial or residential investment properties you have.