I communicated that I was preparing to take a loss on the flip and she agreed to list for a 1% commission.

I find good deals in my farm area fairly often so I am trying to have my ducks in a row for the coming deals.

This doesn't mean that you shouldn't be ambitious with your objectives, as long as you're realistic.I have years of experience with short-term rentals in Mexico but I'm not sure how useful that can be to you since I invest in beach markets where there is mass tourism and visitors rent for one or multiple weeks so it's fairly different.

If the syndication is great and it's truly a singular portal for communication, I may be able to give up some of the advantages of lease creation/management on Avail. 

I raised the rent to $800 because I was planning to transition the units to paying for their own heat so a lower rent amount was fair.

@Daniel Purcell with City of New Orleans being so restrictive, is there a neighboring City that seems to have less of an issue with STRs and is still fairly accessible to all the things visitors are interested in?

Hi Everyone, My name is Elda and I am fairly new to real estate investing.

In fact, nothing was ever done.To make matters worse, I have another Fund That Flip deal that has gone south with little hope to recoup that investment as well.The loan was made in June 2018 and they stopped paying a year before Covid started and this is their latest comments:The developer remains non-responsive to Fund That Flip’s communication attempts to discuss foreclosure alternatives.Foreclosure counsel is waiting on the court to schedule a hearing date for the judge to rule on our motion for default judgment.Fund That Flip continues to work towards re-establishing contact with the developer and their known colleagues to discuss a successful exit.

@Michael SmythiesThe biggest lesson is the wild and ever changing landlord tenant laws.To your area of interest:- Tenant relations: Keep it business, stick to the lease agreement, communicate, and the golden rule.

I haven't mentioned collections or lawyers to her yet because I want to keep the communication open and amicable and make sure she continues to respect the house, but I don't know what to do.