Unfortunately, relying on a "nice card" approach doesn't always ensure that tenants will vacate the property in good condition.

i do not however use it for heat mine is an AC only unit I believe not a heat pump unit.If you're whole unit is relying on one mini split for ac and heat that surprises me just given if you shut a bedroom door you'd not have heat from the split that I assume is in the living room. 

Do not rely on it for legal advice.

And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

But you should be doing the number crunching yourself and not rely on someone else especially the person selling you the property. ✌️ (and don’t forget to calculate short term capital gains tax - that’s why I prefer passive income over flipping)

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Finding the Right Deal:Investors often rely on off-market deals (not listed publicly) or network connections.

I know that I have to rely heavily on a solid property management company to not only maintain but to help find me deals as our relationship grows.

The information contained in this post is not to be relied upon.