What you are describing to get it to code could be way way way beyond what you are expressing here.

The model just described is a model of and a recipe for disaster.Leverage used wisely is a tool and should not be looked at as the boogeyman...All opinions expressed above are just mine; while eating lunch and pondering Life... :)

NV LIC. # 82971Has anyone ever used this company? 

Today, we see the exact same expression in syndications.

Renting properties for STR does not come with the upsides of tax savings, appreciation, equity build up, etc.I agree with the sentiment expressed by others that diving straight into STR, especially with a property that is cashflow negative as a long-term rental (LTR) or through arbitrage, can pose risks.

I have always been impressed with how David can express himself, especially when he talks to homeowners.

"low balling" doesn't necessary meet those standards.The way that realtor's generally have to work is provide the seller the true and accurate comps (market value) as well as expressing to them that you could also buy it at a discount but buy it fast, no repairs, etc (all the other stuff wholesalers say/provide).

While some of us want to preserve it within the family, others, including my late grandfather's wishes expressed through my grandmother, are inclined to sell if we can't make it financially viable.The house itself is a 1 bedroom, 1 bathroom dwelling.

You should be able to express your goal in one minute and then expand if questions are asked.

If you have a broker/agent representing make sure they understand your motive behind the purchase and your contingencies are expressed with full-force of being able to get out of the PA/LOI.