Does that rent include vacancy such as would be included if you used average daily rate (ADR)You have utilities, maintenance/cap ex including on tne furnishings, PM (always include it even if self managing because your time has value), potential vacancy, increase in insurance cost (STR/ MTR insurance typically costs extra), and miscellaneous.Your cash flow will be significantly less than the $1500 that was rent minus PITI.However, if the house is bigger than you need then there is opportunity.  

Hey BP, I have a smaller portfolio of long term rentals and I am looking for some protection advice. I’ve been advised to look into an umbrella policy. Any of you out there have experience or advice on an avenue to pu...

Come in Under BudgetIf you can deliver quality work for less than you estimated, you’ll earn instant trust.

Quote from @Mike Kirby: Quote from @John Underwood: I have a 6 BR Vrbo that sleeps 23.You can set your extra person fee above a certain number.We charge an extra $1,000 for weddings.If people just come over to visit we don't charge extra for that.Do you have a queen and bunk beds in every bedroom?

*** EDIT 9/12/25 currently closed for submission but will reopen for round 2! Thank you all for your willingness to help!! **** Hi everyone,

I’m Rene, Community Manager here at BiggerPockets — and I’m excited to sh...

😏💪 It makes me happy to hear you get to take it easy, you earned every right to. whats your favorite thing to do in your free time? 

Some markets will have a higher mid term earning potential, so I would research which markets have lowest supply vs demand.

I’ll be earning around $90,000 stating in May 2026 with another pay bump in 2027.

That's $20,000 a year without lifting a finger.If I take my $500,000 and invest in a Smokies cabin earning $50,000 a year, I am buying a part time job and probably only netting $27,000 to $29,000 per year after the following expenses:Insurance - $3500 per yearTaxes - $2000 per yearUtilities - $6000 per yearRepairs & Maintenace - $7500 per yearHOA fees - $2000-3000 per year.Total expenses:  $21,000-$23,000 per yearIf I can earn $20,000 per year on my $500,000 with virtually no risk and no effort, versus another $6-8K for much more risk and headache, the juice isn't worth the squeeze. 

It’s easy to get swept up in the thrill of sourcing and closing deals, but without a strong foundation in these areas, your growth may be at risk.An effective tax strategy helps you optimize deductions, leverage advantageous tax structures, and retain more of your earnings.