Google "City XYorZ airbnb" and hit the News button on google and see if there's talk of shutting it down or not. 

-Pa.1.164.1555Jackson, Miss.0.005.3056Virginia Beach-Norfolk-Newport News, Va.

It is a turnkey company founded by Clayton Morris who is a former Fox News Anchor.

Can possible sub divide lot.over 5,000 sqft all brickrehab estimate- exterior 40,000... interior 20,000 per unit x 4= 80,000Total Rehab $120,000Seller Asking PRICE $175,000Present mortgage $125,000 @ 7.2% 30 year term (was originally $152,000 in 2004)No second liens2 units are occupied (don't see how with all the deferred maintenance) and supposedly collecting rents $600 eachThey originally offered a "land contract" at $175,000City assessment- based on land and structure $203,000All units are metered separately- electricity, gas, water, trash etc...The good news....pro forma base upon what I know about that area.

That's the bad news.

In the meantime I will keep updating this forum if any deals break through/any more news.

I would argue that it in Newport News, in particular, areas where there are places for rent is a good indication of where investor activity is taking place. 

I then found a news report on Aftermath which makes them look pretty shadyhttp://www.abc2news.com/news/local-news/investigat...Ironically though I was looking through the fine print of the Prestige Worldwide's contract and they specifically highlight mechanical liens in their contract so I feel like they're just as shady.

The good news is, with real estate there is always a way.

Just because gold has had a (relatively) long history of staying power, mostly through European/Middle Eastern society, doesn't mean that it is inherently any more or less valuable than a flimsy piece of rag with pictures printed on it.