I asked about a recent deal, and he was proud to tell me he’s just in the middle of his first.A local RE broker found an “old lady” who owned her home free and clear but with $83k in back taxes owed.

Just because you replace the old working unit with a new unit doesn't guarantee that you won't have break downs in the middle of hot/cold weather.

@Evan Polaski You are 100% right, the market and location is much more important than the age and condition of the property itself for the reasons you stated, even in the best markets there are some bad areas.I don't know if there is a clear definition of the property classes, what I consider class B is built after the mid 80's, and will be somewhere you feel comfortable walking at night, fairly close to shopping and amenities, and have a good amount of middle class renters. syndicators will always point out all the positives, you have to do your own research on the neighborhood, income level, comps and crime. 

I live in East Idaho but do Hard Money in the magic valley as well.

What are the consequences if a BnB owner/investor (my client), decides to change hosts or self-manage in the middle of a booking?

You can get into a cabin in East Tennessee with a purchase price of 500k for 50 grand already furnished.

A lot of out-of-state investors from the east and west coast are investing here due to the crazy growth over the last 3-5 years.

They are based in CT and predominently manage properties east of New Haven and southern Rhode Island.

The owners were in the middle of a divorce and were happy to part ways with the property.

If you know anyone/is someone who works at a investment or property management firm in NYC, Westchester or East CT please help me get into contact.