We only need about 70% at mid-range daily rates to be cashflow positive.

We love CA, but as an STR location it is probably not at the top of the list right now, but our list seems to change daily, so we will see.

Allows you to tinker with occupancy, daily rates, various expenses, and loan assumptions.

Lending to a flipper is much riskier and carries a much higher risk premium than owner-occupied loans, which currently carry a National Average according to unbiased publication Mortgage News Daily, of 7.13%.

The acceleration of low rates has faded and we find ourselves similar to our previous norm for growth.I don't pretend to possess a crystal ball, no investor or agent could, but drawing on my experience in the daily dynamics of the market here in Raleigh, and looking at the facts, a price drop seems unlikely in the next few years.

I guess the same could happen in a hotel but what I'm getting at is things can become challenging when one party is on a vacation schedule and the other party is on the 9-5 daily grind schedule. 

This can also be a real estate agent who is familiar with the renovation process, and might even be the same agent as you use for #1 above.Long story short, if you can't be there personally, you need to ensure that there is someone who has a holistic view of the project on-the-ground and looking out for your best interests on an almost daily basis (and this shouldn't be the contractor).

Use your corrected Attorney created written application to allow you to ask their bank for the overdraft & daily balance history.

I speak with friends and clients daily that are considering selling properties acquired in the last few years for one reason or another.

There are plenty of them out there, they just aren't talked about here on a daily basis.