I warn people over and over and over to know what they are buying and to go personally see what they are buying. 

I’d suggest negotiating the furniture into the sale and then slowly swapping pieces later as you personalize the space.

I’m considering countering with a price closer to the market value, but I’m curious how others approach deals like this.Looking forward to hearing your thoughts!

Personally, it’s something I always expect from a short-term rental, and it can have a huge impact on your reviews.To make things easier for both you and your guests, consider smart tools like locks, outdoor cameras, and smart thermostats.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

Did you end up flying and looking in person in the area?

Personal finance is as much behavioral as it is math.

Personally, my primary residence has appreciated around 6% in market value and I live in Levittown. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Of course most GPs have personally put in money to keep the deals from sinking.