But if you sit vacant for one month before finding a tenant, you've lost a month of rent and utilities and earn only $16,350.On the other hand, if you drop the price $100 and find a renter quickly, you will earn almost $500 more in that first year.Always remember: lower your price, but never lower your standards!

It hot markets like Charleston, offers requesting this usually dont fly unless youre buying a property thats just sitting for some reason. 

If you find one sitting on the market then the numbers probably don't work, or it's in need of a very serious rehab.

I find data on free sites like Zillow extremely helpful for days on market for certain homes, and it allows you to sort by bedrooms to see how long a potential property may sit on the market at this moment (great for comping rent prices in the area as well)if I were to live in the property, I would take advantage of the FHA low down payment option to keep cash in my pocket for Reno costs  Hope this helps!

I would grab anyone who will do it for you and I would expect you will pay 15 to 20% apr for those type of loans given the risk profile.. has nothing to do with you personally as a qualified borrower but for a PML if something went wrong and they are sitting behind 3 to 15k mil in senior debt most could not pay off the first to protect themselves. 

I would be very cautious of a house that sits vacant being a target for burglary even in nicer parts of town, not sure the draw for str in that area.

I have some guys that are sitting on houses because they went over budget , and over improved for the neighborhood .Have a exit plan .

I also realized that if I didn’t leave my assistant with enough tasks, they ended up sitting around for hours with nothing to do and no one to ask for help.

Meanwhile the prop sits vacant generating zero income and costs you money.  

I recommend you and your partner sit down and put pencil to paper.