I used free tools like Zillow and Redfin to come up with a home value, asked him some questions about the condition of the home, made him an offer, and he accepted it.

I invest almost exclusively internationally but I would generally never invest in long-term rentals, unless the rentability is very high, which it almost never is.6.

Maybe one of your lowball offers gets accepted.  

I want this to be acceptable long term if I keep this method of financing. 

Also, most Umbrella Policies only pay out if your underlying policy pays out, and the underlying policy will do everything they can to find an exclusion or that you were negligent (which you probably were) in the cause of action to get out of paying the claim.

Even if they could save 5-10% on that $800 bid, which is $40-$80, if it took more than 1-2 hours they'd be losing money doing it because their time is worth at least $40/hour.In our opinion, it really depends on the level of urgency and the size of the bid.The more urgency, like no hot water, the less time the PMC has to get multiple bids.The bigger the bid, the more likely it is an owner should expect multiple bids.An owner has to be realistic, understand and accept these limitations. 

Here would be a reasonable case if you sold the property while getting the section 121 exclusion.

It’s great to be trusted with others hard earned capital but I only accept that responsibility because I KNOW I can do the job - that I have done the job over the years. 

@Madison Sloan All depends on what you're willing to accept and if you can get approved for a loan now or not.

We operate a real estate, mortgage, and property management firm dedicated exclusively to Short Term Rental Investments.