Look for markets with a strong rental demand, low demand to own property, and good prospects for growth. Maybe start with your fav vacation spots
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It's crucial to accurately estimate expenses: Mortgage, Taxes, Utilities, Insurance, Cleaning, Maintenance, Furniture, Linens, etc.
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How much are other rentals getting. You should be able to make 3x the long-term rental rate. Check out Zillow or Rentometer for estimates.
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Revenue = Average daily rate X Occupancy
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Your next big decision is who's gonna run it. It depends on how much time you want to invest.
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