I have 400k in an account just for the purpose of reserves incase I have to weather any storms or delays.

Data reveals that banks have bolstered reserves for office debt, maintaining elevated reserves to cushion potential future losses.

Can anyone confirm the current law on this?

It turns it on an hour before they get there and turns it off an hour after their reservation.

Most 2nd position lenders will want the investor to have skin in the game (invest their own money) AND be paid a double-digit return.When you purchase property, you ALWAYS need to have reserves, but in this scenario, you really need to have reserves since you will need to make 2 large debt payments every month.

Before I answer, can you confirm that your costs include holding costs (all utilities), transfer costs on purchase and sale, as well as the cost of the funding for the deal?

I’m under contract to buy a short term rental at the beach, but just found out the seller cancelled all of the reservations before closing.

don't say anything else after asking that question.Now if you are dealing with an agent - you are not going to have the opportunity to deal with the seller - so - you may want to just make an offer 25% below what ever it is list for.AUCTIONS: As for real estate auctions - I have been an auctioneer for many years selling hundreds of properties annually - I would like to say that we do not always satisfy the sellers reserve price (Oh - we only represent owners and investors - no foreclosures) but we don't always get the auction price up to the reserve - but the good news is that at the auction the owner becomes very motivated to accept a lower bid - thus a great equity profit is made ------ so do not discount auctions if you are looking for a great deal.Believe me I have seen so many properties sold at auction that have a ton of equity.Someone recently said "The best deals are MADE and FOUND"So ---- how do you MAKE a good deal from the many properties out there that do not look like a good deal?

And $18k in cash reserves.

I also connect it with RemoteLock so anytime a guest makes a reservation, a door code is automatically created for them equal to the last four of their phone number.