Pros: Ability to NOO STR, allows me to get started on my long-term goal of owning a lake property sooner rather than laterCons: Limited inventory, lifestyle disruption for a yearI have a lot to learn and welcome critical feedback and insights from this community.

This tells me that there's a critical supply shortage in these "certain places" and the fix is going to have to be more permanent and not just superficial.apparehently, they are seeing rents go up in "certain places 20, 30, 40, 50% and even higher in some places"

@Daniel LoaneFlashing helps waterproof and is used to direct water away from critical areas of the roof.

Knowing your "Why" will give you the basis for your search criteria which is critical in communicating to agents upfront; especially for agents that are highly experienced with transacting investment property. 

Understanding their objectives is critical since it influences the whole investment plan.

Just ensure you comply with your mortgage terms and local regulations.Financial Planning: With limited savings, it's critical to account for all potential costs, including maintenance and vacancies.

It's critical to get knowledgeable about local laws and to be ready for the judicial system.Property Values vs.

. - Probate deal, it came from a relationship with a Realtor.3/2 1250Closed Sept 28 2015 Rehab completed 11/3In Escrow 2/1/16Purchase 174kOriginal rehab budget 30KFinal Rehab cost 45k - the decision to increase the budget was critical to remove the Quirkiness of the home.

I lost my potential profits in these deals, but I was once again reminded how my team is critical in the future of my career in this business. 

Find/Get a Team of members that are critical to help you get things done, are experienced at what you are doing, local, and will return your phone calls promptly.Another thing you ought to get done decides a plan and goals that are both written down and where you will see them and read them every day, have a office located where you will have less distractions.