I did manage to save $900 a month over my previous 9% loan, but these requirements were ridiculous since I had been paying all my bills fine until then without these drastic measures and red tape.

My only regret is I don't have (maybe I should say make) the time to do more of them, because learning should never end.The ultimate cost/return of/on your REI education will be measured on how big your "box" becomes, and how many times you hear others tell you how you are always "thinking outside of it". 

I also recommend a floorplan or measurements of rooms so people can determine if furniture will fit.

Always remember "measure twice, cut once" Good luck on your test! 

Too many people make the mistake of measuring negotiating success based on percentage off asking price.

This is measured with a thermometer.Re they won't fix things.

Help for Airbnb and Vacation Rental OwnersWhile long-term effects on the short-term rental industry are debatable, here are some things you can do right now:Reduce your vacancy rates as much as possible by offering discounts and being more flexible during this timeCut your expenses by eliminating welcome gifts, reducing amenities and subscriptions or applying for mortgage deferral programs, as discussed aboveIf you’re an Airbnb host, apply for cancellation reimbursement under the $250 million Host Relief Fund available for qualifying cancellations (up to 25% reimbursement of what you would normally receive from a canceled booking)Consider turning your short-term rental property into a long-term rental, at least for now, as the traditional rental market is not expected to be impacted as severely as the short-term rental market  Additional ReadingResources for Property Owners and Agents from the National Association of Realtors is a great list of general recommendations and resourcesList of Relief Programs Offered by US Banks, published by the American Bankers Association, is a comprehensive list of specific measures banks across the US are taking to help borrowers in needCOVID-19 Tax Resources Center by the Drucker Scaccetti tax services firmLegal Guide for Landlords by Julie Anderson, written for the Mid-America Association of Real Estate Investors, provides general legal guidance and advice for real estate investors  Please let me know if I missed anything, or if there is any inaccurate information, so I can correct it.  

It seems to me that the flip rate, i.e. the percentage of home sales that are flips, can be a useful measure in taking the "temperature" of a market and as a supply/demand indicator. 

I would put at least $1000 into up front repair costs for good measure.

Gary helps everything make sense by reverse engineering the goal of $1M income and getting that goal chopped down to actionable and measurable steps.The E-Myth by Michael Gerber- Highly recommended no matter what type of business you’re looking to begin - RE Investing, construction, development, property management, etc.