Hello everyone, I am analyzing the Indio, CA market as a short term rental investment and we'd love to speak to someone who is self managing their own vacation rental.  

If it has any basis at all (such as you left the apartment during your lease term for what you felt was a justifiable reason and stopped paying rent, but the landlord disagreed) then you may be better off paying a rather small settlement.  

I think it would be better just to stay on good terms and let him know you will contact him when you are ready to sell.

On the initial agreement, it clearly stated that the buyer was going to be using financing and listed the terms of their financing

Buy the property, lease it up and refinance.One thing you’ll want to know about the credit facility is not necessarily the margin call parameters, which I wouldn’t be concerned with if there is a significant amount of equity in your investors securities securities portfolio, but what are the other terms?

This term replaced "subprime" and looks a lot different than subprime loans of the past.

They are all on separate parcels, paid off and occupied by long term tenants.

We have been in real estate (long-term rentals) for over 20 years now and looking forward to hanging up the maintenance hat.

Purchase price: $310,000 Cash invested: $50,000 Big Blue - 2 units fully rented, 1 with section 8 tenant and 1 unit being used for short term rentals What made you interested in investing in this type of deal?

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!