BEST ANSWER
FIRST ANSWER
Depends on how you market the property. Are you going to let a management company do all of the marketing for you? Are you planning on marketing the property yourself ? A combination of the two?
Eagle Pointe is a nice community in a good location but does not offer many of the resort amenities that many of the other nearby communities offer. I would take a look at some other communities in the area. There are some very good deals out there now. Look for communities that are man gated and have the resort style amenities. Example: Terra Verde
I typically tell my investors that if they are going to have a management company do all of the marketing they should average about 60% or so. Remember, you want to choose a good management company that will not only rent the unit out for you but also has a very high standard of upkeep.
Renting the unit out in conjunction with a management company is typically the best way to maximize revenue and even come away with a profit.
Sun Sep 9 2007, 19:37