Quote from @Tri Tran: If what you are saying is true, you could pressure her to make this right by filing a complaint with the state board.

#2 - Larger 5-bedroom renovation into a sweet rental home Before Pictures (Zillow Link)After Pictures (Airbnb Link)These investors took something that was very boring and extremely residential-looking and transformed it into a cozy retreat for travelers with highlights being adding wood paneling, kitchen renovation, new furniture throughout, beautiful outdoor space with added hot tub and fire pit spaces for guests to hangout and an exciting game room space to occupy guests for hours. 

Is it true cashflow or phantom cashflow? 

If they believe this is true, why would the seller give you anything?!?

@Rene Hosman I can't emphasize enough that the true value of the sprayer is doing ceilings and doors.

I totally agree, so many properties there are new and beautiful that there needs to be *something* to really stand outYou make a really good point re: no plan B, and in general I’ve seen the home values in that market depreciating (assuming because of the boom / growth in supply in the last couple years).I might be wrong here but I assumed that a general trade off between vacation market and metro areas would generally be that strs in vacation markets don’t really have a plan BI’m pretty split at the moment, but really appreciate your thoughts

Like you I think I made my first investment in a true syndication when I was in my early 60s. the sponsor is what matters.. asset OK  but if the sponsor is not top notch I dont care how good the project is..

This is their leverage (the beauty of real estate!)

Legitimate question.My advise depends on what your true end goal is.

The waterfront area downtown is beautiful for as far as the eye can see in both directions.As remote work takes hold and knowledge workers look to escape Seattle, I can definitely see it becoming an Austin-esque city in the PNW.