Even with vetting guests, they still sometimes break the rules and bring large dogs or have parties. 

The food part is one thing, but charging them rent is another.I'd also check if the three are relatives or if they lied. 

& Account Closed Thank you both for responding... this is exactly what i experienced, it is pretty clear thats one of the key value pieces for a wholesaler, you have to be the point person for all parties.  

Hello Jennifer,For Seller Financing, you would write your offer just like you would with 3rd party financing.I would think that Florida Real Estate Commission has a Seller Finance Addendum to add to your contract, on the addendum you would fill out the terms you are proposing. 

Real estate wealth is not political even if one party says they want this.  

@Matthew Rolf I know the post said wholesalers but we acquire multifamily that we self-manage and also do 3rd party management, based in the Apopka/Wekiva area with our office in Baldwin Park.

Multiple sub contractors with multiple separate contracts are not allowed..Repairs/Improvements must be completed by licensed contractor(s) as required by local/state municipalitiesRepairs cannot be completed by a related or interested party (i.e. relative, real estate agent, seller, broker, etc.)Borrower selects contractorContingency ReservesMinimum 10% is required.

I ordered a 3rd party inspection and a list of items came back that needs to be (leaking pipe under sink, rodent infestation in the attic, downspout that needs securing, sewer vent pipe out to the attic, missing smoke detectors in a unit, loose material from basement wall which can compromise foundation if not fixed, etc...).

Next...are Maintenace calls handled by your hourly employees or are do they 3rd party this out? 

People use STRs for small vacations/ parties/ random travel just as much as massively planned vacations.