How long are you expecting to hold and do you have the money to purchase in San Diego?

It seems like location would be especially critical with pad-split (and similar systems), but I’d love to hear your thoughts on what to watch out for in terms of zoning, safety, or demand.Also, I’ve traditionally rented out units the regular way, so I’m curious how screening tenants works for you with the pad-split (and similar) model.

I've bought a ton of homes pre-foreclosure and at auction, happy to be a resource on that stuff, plus we just launched Bid Pirate, which is the one place online for NH, where you can see all the upcoming foreclosure auctions in one spot - you can learn a lot from the regulars at the auctions........ get after it, sister!

I question if they get kick backs or actually hold ownership in this company.

DC properties are expensive, but they probably do not hold a candle to the crazy prices in Boston. 

But tell them what you are doing precisely - vacation rentals, not regular rentals.

You are tagging and categorizing the CapEx items correctly or are they going to "regular" operational expense?

Finally, check with the Town to make sure there are no municipal liens, Make sure they're on Town sewer, check with the tax assessor to see how many bedrooms the tax office thinks there are, (important if you are flipping) buy ok to have more bedrooms if you are planning to buy and hold.  

We have regular evictions at this scale and they typically will take a few months up to six or seven months if the tenant contest/hires an attorney.

Investment returns automatically deposited on a regular basis.