Hey there Mohammed, looks like we live around the same neck of the woods.

@Jake Soper I've actually been working the southeast since I'm new to the game and folks tend to be a little more mild down there, but I'm going to have my first site focused in our neck of the woods in New England so that day will come and I will definitely take you up on that.

You can get all the how-to guides and spreadsheets but those unseen gotchas can break a deal once you are already neck deep in it. 

In many cases, it is well meaning and experienced operators who begin by fudging numbers to "make the quarter" with the full intent of making up for the fudge in a subsequent quarter who in no time at all get neck deep in a Ponzi scheme.   

The ARV's in our neck of the woods are astronomical - typically 2x purchase price or more.  

Purchase price: $289,000 Cash invested: $100,000 Single family home on the Northern Neck - short term rental What made you interested in investing in this type of deal?

Weekly rentals with neck tattooed guys coming and going gives you the opportunity to provide housing.

My wife is a staunch Lutheran, and she's sometimes easy prey for people willing to play on her beliefs - the couple of crosses hanging from her neck are always pretty evident (I've joked with her that she she should hide them when we're meeting prospective renters). 

I am pretty familiar with that neck of the woods.

It is now a little harder since he is not licensed in your state and now the other license is.I would be getting in touch with your permit, planning and permit division of your city to find out your options.I would take in the contract and ask them about what a bond covers.You need to have the GC information that is in your state since he has his neck out on this job!