But we are in different markets, it could be different there.

We are getting a sofa bed for the living room of our STR.

There is also some tight zoning and regulation in Whitefish.

For quick sale we are prepared to sell at the 1% rule of current rents and will consider owner financing with 20% down (30 year @ 7% w/ a balloon between 3-7 yrs). 

MTR is our play there.Vegas can definitely be a tight market for flipping, with competition driving up prices and squeezing margins.

What we are really describing is “contract flipping”.  

We are looking to purchase a fourplex in the Colorado springs area, for our first property in about a month or so.

We are seeing its very challenging, especially for out of state owners. 

My husband and I started our property management business about 18 months ago and absolutely love the service and peace of mind we are able to provide to clients.Percentage of income is often how people charge but this varies widely by location and also type of rental.

We are both 1099 employees and don't have the bank statements or tax returns to get a mortgage anyway.