If so, you can't really pivot to short-term rentals there and have to capitalize on the inn vibe and in-house services.My major question is why is the current owner, who bought it after it sat vacant for twenty years, looking to sell you the problem they can't fix?

One property may take 8 months while the other only takes four.

Nice work Glenn ;)

I got to 300 and realized this is way to much capital tied up for far to little return and work involved..

Our mortgage brokerage works with real estate investors all across the country who face these same decisions regularly.

PM fees are high, exactly because so much work is required in managing STR.  

I am torn between pricing rent lower with a minimum 3 night stay or just weeding out the less desirable/more work clients with higher pricing.  

As a new investor starting to look at wholesalers, what would be pertinent questions to ask about a specific deal?  i.e. Condition, pictures, any financials they can provide.  Is the property vacant?  what are some ot...

I say this as a four time house hacker.

Four properties were existing STR's that had a permit 'transfer' and the other half were eligible properties that successfully launched with astounding success.