Hays didn't ask to be here, they were "Hired"The money is gone for now, "It is what it is"In the mean time I have Gene o'neal tied up in my basement forced to watch Cops over & over again :superman: and Robert tied to a chair in my closet with a Junior's cheese cake dangling in front of him :protest: Ease up. it will come to an end eventually...

A developer bought manufactured housing and had delivered to the island for some cottages.

It's a betting man's game where I saw many lose it all last downturn in 2007.It's funny today you have all these investors (chasing the cheese) wanting cap rates of 6 years ago with the economic recovery of today.

Current Deal- 1948 beach cottage, original wood floors and some tile.

I have a two bedroom 5 miles away from Dulles International Airport (IAD)  and 5 miles from Metro stations (DC Silver line)The property is 2 BR and has two Master Suites and a Full kitchen and Dining room.The Basement could easily hold another bedroom but there the laundry room would have to be refitted as a full bath.Purchase Price is $350K$1800 a year in insuranceTax rate is 1.15%Assume 4.5% mortgageHOA - $80PITI @ $2300Average Bedroom rate is $55 per nightAssume 20 nights per month 3 bedrooms$3300 steady state RevenueHere is the list of things i would be willing to pay for:Upgrade to Kitchen - Countertop and AppliancesUpgrade to basement - Put in Full Bath and Stacked washer/dryer 50 inch LED TV for living room and Basic Verizon FIOS for wifi and cable Utility support for six months$100 of Uber Gift cards for 12 months for your guestsGood Coffee and Great Meat & Cheese monthly baskets for 12 monthsMake sure your revenue matches $300 + PITI for the first six monthsWhat am i forgetting....i need to sell in August / September so i have some time to deliberate.

could be a nice little cottage industry... talk to all your top PM companies in the area and offer the service.

Have been to Thailand - Koh Samui and Koh Pangan - many years ago, when there wasn't electricity or hot running water - staying in small bamboo cottages on the beach.

Most neighborhoods let the people who live there set up cottage industries...make stuff in the garage, cut hair, run a daycare, smoke meat for a catering.

Yes, I've been running it from here- first with the help of a commission-based local property manager who was experienced with AirBnB, did all the online stuff and was semi-active boots on the ground (BOTG), then with a commission-based local person who wasn't able to do the online stuff but was BOTG and did the cleaning, and now as I have gone from two places to four, I have changed to a wonderful commission-based local property manager who does the online stuff and BOTG, manages the cleaners, and who, at an hourly rate, helped me set up the latest two cottages when I came back to the states in Sept and Nov to get them renovated and ready to rent.

Purchase price: $69,000 Cash invested: $100,000Our Headlands Beach Cottage Renovated from the Ground UpAfter an extensive restoration project, we are thrilled to present Headlands Beach Cottage.