See item #3 for where I think much of the shortfall is.3) Somewhat related to item #2, I filled out a spread sheet to determine cap expense numbers and what I determined is that investors in small number of unit dwellings are virtually universally under estimating cap expenses.  

We achieve virtually 100% occupancy from $91 (think early Nov mid week) to $471 (think July 4 weekend) per night per each unit (so Property rent ranges from ~$200 to over $900 per night). 

We're very conservative with our spending, as in we spend virtually nothing on ourselves.

Hi BP Community,I'm a newbie located currently in Southern California, looking to start my first mailing campaign in the Metro Detroit area (Wayne, Macomb, Oakland, and Washtenaw Counties). I'm looking for any advice/...

This is a normal and crucial step in virtually every sale of tenant-occupied property. 

For this reason, most lenders offer virtually the same products, but there are a few out there that are willing to get creative for you.

I learned that virtually nothing trumps a child support garnishment, so I had to get in line. 

Allowing forces personnel to get in for virtually nothing.

When you are successful and comfortable with that, then go virtual. 

@Alex McLean First tip is to be aware it will be virtually impossible to get an offer accepted using a 203k loan in any desireable high demand part of our market.