--Too many newbies do too little logical research!

There is a logic that says they don't want to be below that number because it wouldn't appraise at value... but then there is also a logic that they don't want to be too much above your sales price either or the lender starts going "Is there something wrong with the property... why isn't it selling at market value?" 

From a black and white standpoint, I read it as being a month-to-month tenant since the lease makes no logical sense.

That is good logic, I'll keep trying to problem solve it.  

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

If your material participation consists of mostly time to manage bookings, this may not make logical sense with a low number of stays. 

+95% of agents only have experience dealing with owner-occupied transactions - which are mostly EMOTIONAL decision based.An investor wants an agent that sticks to logical numbers like ROI, Cash-on-Cash, etc.You can differentiate between these different types of agents easily by asking them:1) If they are RE investors themselves.

If you’re talking about a money partner that provides down payment, etc. then I can follow your logic.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!