Thanks min what market do you operate in?

I am going to provide coin-operated laundry units in the basement of both properties.

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.

Even with a dozen properties I might need a plumber twice a year, an electrician once, and a handyman a few times  not often enough to be remembered or get priority service  They raise rents faster and higher than I ever would, this alone virtually pays their 8% management fee and $300 new tenant acquisition fee.

Your personal mission is good, but that's not operational.

Expenses (both transactionally as well as operationally)  disproportionately impact lower priced assets.

Better than virtually all options.

Hi All, I am a new member from the Bay area, Ca looking to invest and operate an Short term rental (STR)I am listening to the Avery Carl's audiobook. 

And did it create a nexus for you at all if you wholesaled virtual?

Even if you build according to FEMA guidelines, a storm is a storm and you virtually cannot stop them.I would personally go elsewhere if you are going to stay in this business...But Good Luck!!!