Hey Chris, Let's connect and discuss this in more detail.

I think this is the gift and the curse of a still emerging asset class (short term rentals) - as it becomes more "institutional" i.e. more like commercial real estate with more sophisticated buyers then financials and systems for this will likely become more streamlined and stable, but we are still in a place where the buyer pools are more newish investors or typically residential basic investors, so not has experienced or sophisticated evaluating investments based on a detailed financial analysis like more seasoned commercial investors likely would.anyways, just a guess on what might be going on here

It could be a great option as you start evaluating your opportunities.Feel free to reach out if you'd like to discuss any specific strategies or markets in more detail.

Expenses that don’t go up as fast take less of a bite as the ARV increases, leaving more room to (slightly) increase the purchase price plus rehab limit to 75% of ARV.We use this rule of thumb for screening, but always create a spreadsheet to estimate all expenses and run a P&L in detail for comparison.

@Joe S. can you give more details? 

If I buy with a financing contingency it is spelled out in detail in the contract.

But be sure you find one that is comfortable working in the details of your target market.

Similar to a broker's opinion of value, this analysis is less detailed and may not follow USPAP guidelines.Replacement cost method: This methodology is supported by a 1982 tax court case, Meiers v Commissioner (T.C.

I can tell you more about what I've done in my basement - it all worked out, but there are a lot of details about it I can share with you. 

There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise noted, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes ALL property types and price ranges.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthInterestingly, September saw a rent increase MoM ($1.21/SF vs. $1.18/SF), bucking the traditional seasonal slowdown trend.