Was it indeed just locked, or did the latch mechanism fail, which often happens with bedroom sets that have plastic components in that mechanism; or did the screws that secure the latch into the door come loose, allowing the latch and/or the screws to prevent the door from opening...also not an uncommon event.

I mean come one, there was those out there pitching LP-$ for buying Radio Shack and doing some weird come-back thing with it, and people threw $ at em for it......

Quote from @Mike Levene: contractors should give exact quotes, come in give you a full detailed list of how much it will be to cost for labor and materials broken down.

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.

This may come into play as you near the end of life and need to think about estate planning.4. 

Passive income through real estate is one of the most powerful ways to build generational wealth.

So, comps can help with figuring out local cap rates, then you need the income from the property to determine a value.

To believe the benefit of cheap labor comes without consequences is absurd.

If the latter, then that should come out of the $2,675 in revenue right?

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