Hi Ricardo, I would be happy to discuss your real estate goals.

So, something to think about, the guests will be paying airbnb's taxes/fees etc.  

One thing I've learned is the rate is meaningless because you really need to look at all the lender fees involved.

@Merritt S.Interesting, I had not heard about the Milwaukee change in regards to the litter fees.

It looks like you're on target with the bullet points you provided here.I do this type of deal all the time, feel free to connect with me to discuss more (preferably tag me back in a reply here so I can provide value to everyone with public replies).You can catch up the arrears, make monthly payments, and either LTR, STR, or wrap-sale it to yet another end buyer for a markup!

Let me know if you want to hop on a call and discuss strategy.

I’m an experienced property manager/licensed real estate agent trying to develop a proposal for my management fees for starting an STR branch for a big name agency.

Because a large percentage of the charges are base fees that do not change based on use!

Now do you think I would have any diffuculty to wholesale this deal for a $70K fee?

Look forward to having discussions with you all and hopefully meeting you in person .