Cash is king when it comes to buying homes in the wholesale market, and this rule also applies to many other scenarios.

@Chris Seveney is correct though in this scenario your going to need cross collateral.

If it is going to open up other opportunities for you, all the better, perhaps it is worth it.I recently had a client buy a septic pumping truck given they were spending a significant sum on the service for their RV parks - certainly are scenarios out there that it makes good business sense.

I realize it's a pretty specific scenario but at the same time I image most people start on only AirBNB and then expand to VRBO once they have their listing stablized.

This scenario requires a confluence of events:- Significantly Negative CF- Insufficient reserves relative to negative CF- Overpaying OR Market DeclineThe personal guarantee just opens the door to the damage from the above situation overrunning everything.

These combi-boilers are very common and super efficient.

Hey @Devin Bost, it sounds like you’re facing a common challenge in managing short-term rentals remotely.

This is a rather interesting scenario I evaluated a few months ago.

It is very common for one employee to not know what the other is doing;2) Fees:- Instead of requiring tenants to pay in one lump sum, they let them pay in chunks (which is very annoying as they will charge you $10 for each chunk payment your tenant make; that means you'll be charged $30-40 more per unit/month if they let them pay in 3-4 chunks);- Every bill they pay for you will cost you $10 (+$20-40 more per unit/month).

Oh well, second guessing the law is common enough.