Especially if the nails/holes in the walls were no bigger than lets say a dime, it would consider it standard wear and tear with a tenant living there for 2 years. 

I see many investors buy a $20k note and get hung up over the yield which the delta between say a 10 or 12% return is a few hundred dollars - waiting an extra six months to buy a loan costs you more…3.

To get the full effect of how I first saw it, I'm going to have to ask you to imagine a raccoon sitting up on top of the bed.If it were mine I would curb appeal this place to make it desirable to a new buyer, and just leave some meat on the bone so they say, as far as the interior and the upgrades.

It’s all about having a clear, focused strategy and sticking to it. agree paying down principal day one really saves you interest and the amount you would pay it down say a few hundred a month .. that money does nothing for increasing your holdings one just spends that on dining and a new pair of shoes etc.. then if you need to cut back on payment you can however you would be shocked to how much faster you create real equtiy.

I don't think it's all about work ethic, as Mike Rowe likes to say. As

I would say as you are first time investor look at places that are close to you so you can manage the property and growing. 2.

We didn't just change that, we flipped it on it's head because if you can do a remote CA tech job, man-alive your going to be rewarded if live in a say a rural SD town.

After he was successful in being more profitable than his neighbours (one thing he's done well with is driving traffic to his direct booking sites to cut out the host sites that take so much in fees) he started taking on investors that put the 20% down for say a DSCR loan.

Licensable vacation rentals are obviously in high demand and offers can become quite competitive, I don't have any formal statistics but I'd say a quality active or eligible vacation rental sells at least twice as fast as a non STR property, the majority within days..My best advice to investors shopping for a hot or high demand asset class is:- Prepare & Practice: Get your ducks (GO UO!) 

Adding an MBA to a stem field degree is significantly better than adding one to say a business administration degree.