I've already stamped a big, red "DUMB" on my forehead)."

Quote from @George Red: Hey @Darius R.

I was thinking about staying with a similar red or changing it up with a navy.

The best cities I've done it in are actually the more expensive one's because there's more willing of a seller to let me buy deep(as they're likely owning the house mortgage free) and every fix I do makes more than a 1x on it simply cause of the neighborhood.

I made an Excel spreadsheet and color code the ones that are higher in the red or orange colors, and low balances in green.

We pad our cleaning costs a bit to the guests to pay for future deeps cleans and for incidentals.

Thank you so much for the deep insights.I just completed my third trip checking out properties in Charleston and your comment definitely helped me out with house hunting.First of all, your comments in tandem to conversation within my network made me re-think of what exactly is my goal with real estate in Charleston?

I agree, it's hard to compete against the deep-pocketed all inclusives so they might as well not try.

Get a deep understanding of what the income and expense for the properties are and try to identify future capital expenditures that might need to be reserved for.

Additionally, it raises red flags in underwriting if you were to originally acquire a single family home, and then move into multi-family after that.