If you can pull out an extra $20K a year I would go that route with the STR and you can use other VRBO's/AIRBNB receivables to find out local annual ROI/NOI.

A Lot of agents 1) don’t really know all the intricacies/procedures/rules/strategies to do a short sale and 2) don’t want to do all the extra work involved in one, for no extra fees.Attorneys are not great for negotiating/processing shorts sales…they often slow the process down are not needed.If it comes to that point, have a talk with your agent, and their broker, about switching to an agent with short sale experience.You would need to show a financial hardship though….as in you can Not afford to pay the negative cash flow indefinitely. 

Most people lack the money for a down payment, and their personality tells them if they do have some extra money spend it on a good time, beer, a vacation, new skis, a gift for junior, etc...

For me, I always have goals when I sit down each year and the fact is that it really takes me an extra 2-3x to get the those goals than I really thought.

You may also find certain markets where alternative rent strategies (MTR, STR, rent by room, etc) produce enough extra income to justify the increased work involved but the difference in income from the different rent strategies in many markets is just sufficient to justify the increase in effort involved.$100k is going to be challenging in coastal CA cities.  

I guess, all the trust issues and emotional instability could be settled with extra deal protection. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

If you have a fully fenced in yard, you may also have a great set-up for being a pet-friendly MTR, which could mean extra revenue/pet rent without much effort on your end.Hope this info helps - keep us updated on how this ends up working out for you in the coming weeks!

For example, now incur 3 months of carrying costs and then have to sell for $20k less those extra costs are your damages that you could claim against the seller.

Even if duplex cost 50k more, the extra $900 a month income offsets additional cost of duplex.