Ask to see the previous year’s P&L, Ask about previous peak seasons, ask them to share a copy of the emails from all previous guests (For marketing and Follow-up promotions).

Purchase price: $293,000 Cash invested: $37,000 Canal home with poolBuy, rehab, rent, and waiting for the seasoning period to refi.

Area has new construction mixed with older homes.

Has not gotten into the busy season just yet to evaluate the income fully.

Let it season for a month or two so that they don't see the large deposit on the statement and start asking questions.

There are older properties in Reno and in Northern Nevada (1940's-1960's) with ANNUAL property taxes less than $1,000...

You don't need to refinance out of the primary residence loan to buy another primary, but the other seasoning applies.

I've done it for ~18-22K unit in multi-family properties, older ones that hadn't been updated in 25+ years and I did none of the work. 

You can also reach out to Wealth Management advisors who have clients who are cash fluid that are looking for good "All cash" deals.I would also reach out to probate attorneys who handle a lot of clients who are getting ready to get a lump sum cash and need a direction to multiply their liquid reserves.When a buyer pays "All Cash" they can get 80% of their money back same month No waiting - No 6 month seasoning.

I don't plan to buy anymore inexpensive properties - all my "cash flow" is gone with the repair issues of older renovated homes.