I probably wouldn’t mention your third point - it makes it sound like you expect them to hold this note forever and I’m not very certain, but I’m guessing there isn’t a huge market for $100k secondary notes.Have you considered asking them to finance 90-100% for a short period of time so you can rehab and refi at a higher valuation?

If they paid Dec rent, then they still owe you for part of Jan (if the lease requires 30 days' notice-if more time is required, then they owe you rent for that period (unless you rent it).

It will be a short term Airbnb rental.Have had success with two other Airbnb properties that I currently arbitrage in the local Pittsburgh area.Purchased the home far below market value with a probate sale.

Operating an LTR is quite different from managing a short-term rental , so I'd recommend focusing on mastering one strategy before expanding your portfolio.

So you must buy 3 bedroom or less and you can only rent out 2 of them. https://files.lasvegasnevada.gov/business-licensing/Short-Te...

     Just a reminder to everyone doing short term rentals to check with your county to see if you need to be paying a hotel occupancy tax.

Lawn you can get feelers during the due diligence period so that's not the end of the world.

These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

Yes- I had the tenant sign a short term lease.

The 3rd thing that has reshaped my entire opinion of the tax advantages of real estate, is seeing my 88 grandfather holding five quite valuable illiquid properties, long story short it’s a mess, it’s causing family drama, he is in zero shape physically or mentally to manage them, the all have cap-ex needs, again these were amazing buy’s literally multiple properties he bought for under 50k that are now worth over a million but there is probably a time and a place for owning real estate, so I don’t really have a need to own more than maybe a few properties into retirement.