Is there a short term problem occurring that is slated to disappear in the future?

As far as not being able to get below market value, well that's true, but as I expect appreciation to occur, in a year or three I will have made up for the net-loss up front, and over time hopfully the newer materials, mechanicals, and transparency of the house (e..g, no furniture to get in the way of inspections) will pay dividends in the bottom line.

Your best defense is to identify issues as or before they occur and be in a position to dispose of that inventory and replace it, hopefully with an early growth phase property.Market rents can significantly change in 5 years.

If you use traditional financing, the appraisal occurs after it is under contract, so that wouldn't help you with you offer.

The terms of the agreement (i.e. no payment until checkout) also seem very fishy to me as typically most vacation rentals ask for full payment in advance with no refunds if canceled less than 30 days before the rental, so I m thinking you should be paid 30 days before the rental even occurs!

Once the work is complete, a re-inspection occurs and a final report generated (hopefully you pass the first time around).

They did not pay in Jan until the day the flood occurred and gave me a check which they put a stop payment on.

I did not replace the entire downstairs floor just where the damage occurred (the bathroom, the bedroom, and part of the hallway.)

For myself and my wife, I found there is a mental shift that occurs when we have a 'company', which is beneficial to our portfolio.I assume that when you operate outside of an LLC, you have separate bank accounts, policies, work areas in your home, etc?

You an do up a quick website on wordpress or square space.