The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.

If you think your offer might be a lowball, and you don't trust your agent's  advice on whether it's worth the try, then evaluate your objectiveness or get a new agent.There are so many potential problems that can arise if you talk to listing agent or sellers agent prior to speaking to your agent. 

We categorize the problems into two groups:Deal Killers (or Deep Discounts): These include complete system failures, such as needing a new well or septic system, which significantly impact the bottom line.Deal Modifiers (or Small Repairs): These are minor repairs like hydrojetting the drain field, installing a new riser, repairing baffles, or replacing pumps/tanks, which can leverage a lower offer.Step 3: Making the Final OfferWe make our final offer only after a full system evaluation with remedies.

They will evaluate the contract with the builder and the budget, make sure it falls within market median costs, and set milestones for draw requests. 

The employment GAP isn't always an issue as long as you're now a W2 employee, can show 30 days of pay stubs (not self employed), and you can provide a letter of explanation stating the cause of the employment gap.For a VA loan, in order to use the rental income from the other units you'll need:1.

This is how I evaluate and proceed through a deal.

I dont invest in what ifs either unless I have evaluated the situation.

I'm evaluating a property near Yosemite National Park in California that currently sits on a 40 acre parcel.

By accepting membership, Members are agreeing to assume an obligation of self-discipline that goes above and beyond the requirements of laws and regulations.RMAI’s Code of Ethics is a written set of norms governing the professional conduct and behavior expected of its Members and their employees/agents.

Due diligence (what you should evaluate before you buy)?