Am I correct in thinking that with the two units vacating soon, the property will be entirely vacant in 2 months if you also move out?

I'm a big fan of lakefront properties as vacation rentals, and the area these cabins are in is popular for tourists, so I felt confident in the deal.How did you find this deal and how did you negotiate it?

If you buy in a vacation area there really is no safety net other than desirability/location…I guess just don’t pay up too much.  

It really depends on whether you prefer the hustle of managing STRs or the steadier income from LTRs.My TakeIf you’re drawn to the energy of the STR market and love the idea of working where people vacation, Florida might be the way to go.

Handyman after guest vacates replaces toilet, breaks old toilet to find vape in toilet.  

I reply firmly that the rent has been late for the past two months as well as this month and she will have to vacate the property.Again, crickets...There are few days until the 10 day notice period expires and I can formally file for eviction.So I reached out to lawyers in the area and they ask for retainers up to $3k and some $300 consultation fees.

You could form a month to month lease with a just a days notice to vacate so you could end it as soon as you get your license ready to close, the seller might be open to it.https://www.hostaway.com/blog/rental-arbitrage-joshua-tree/Or, you could continue to list on the seller's Airbnb and you could become a full-access co-host on their account - handle all communication, pricing, etc.

This would be the ultimate goal if you are house hacking to lease all the units once you vacate.

I think it sticks to things that have a commercial related valuation like STRs, vacation properties, etc., and less on very good properties in very good neighborhoods. 

Does anyone know anyone that does 5% for a vacation home loan?