Now, what to do if you own a large home that attracts people who are gathering for a special occasion?

But on occasion I will bill a trusted client time + materials.

Maybe i'm saying this because i always received payments even if 1 or 2 weeks late on occasion but never enough to even consider a late fee. 

Are you interested just a cash flowing STR or a place for family to gather on occasion?

Month-to-month everything's great, but as I've seen first hand on several occasions, those one-off expenses really cut into the bottom line.Curious what other peoples' thoughts are on this. 

On occasion he would have something great. looking forward to learning more as i dive back in.

@Frances Buerkens yes I've definitely seen some potentially good deals by the numbers hit the market and they are off the MLS within hours, not many but it's happened on a couple of occasions.

That being said we want to have the ability assign the contract to another buyer on the rare occasion the property does not meet our criteria, basically wholesale it.

We usually spend about 30K to completely rehab a 1,000 sq ft house that we have purchased for about 35K.I am on a wholesaler's list and on occasion I hear from him.

Also, I would plan to visit the property in person on occasion.