I am just starting out with a STR and found that VRBO is not very specific if they are collecting the tax and paying it to the State as a marketplace facilitator or am I responsible for this tax collection and payment ?

The tenants began pay rent on time, but then payments began coming in late, then half, then partial, then none.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $58,500

Cash invested: $55,000

Sale price: $155,000

Contributors:
Peter Vekselman

Partner Drive...

As Sean above alluded to- never pay a seller for your future hard work, risk and stress. 

Haven't been there, but pay attention to the foundation - if the floors are level there no action needed.

Contractors, unless you have a working relationship with them, normally do not want you bouncing ideas off them.Understand what their hourly rate is, have a discussion with them that you are okay with paying them an hourly rate if they walk the property with you and provide you a scope of work along with an explanation of what you can/can't get away with in regards to improvements.ask them if you go with them, if they can credit you the amount that you paid.Once you develop a working relationship with a few contractors, you can bounce ideas off them and expect quality responses.I do not invest in New York.Best of luck. 

You can have a mansion fronting the Mediterranean, but if you pay too much for it, you're done.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

But don't let them know it.It amazes me how many of our members at MassRealEstate dot net have an Asset worth $300-500k Rent it for .5-1% of value and hardly pay attention to it, yet chase a tenth of a percent in CD rates;-)