@John Turner You are getting good council.

So I figured that I would post my findings up in hopes that the Biggerpockets council could provide me some prospective.TOTAL LOAN AMOUNT $30 K (FROM A FAMILY MEMBER)PROPERTY INFO:Current value: $41,500Vacancy rate: 10%Renovation: $8,000Property tax: $950 (YEARLY)Insurance: $1,000(estimate) (YEARLY)Rent per unit: $650-$725 (MONTHLY)Purchase price: $27,000 (cash purchase LOAN FROM FAMILY MEMEBER)NOI = $12,600Income - Expenses = $15,600 - $3000 yearlyCASH FLOW = $6,600Noi - Debt = $12,600 - $6,000$275 per doorOne thing that has been troubling me is how to take this research and figure out the cap rate.

By contrast, none of these issues apply to a place like the British Virgin Islands.

That should give you the knowledge that you need to deal with mold.Travis West, CIEC, MAC0325CIEC - Certified Indoor Environmental Consultant, American Council of Accredited CertificationsMAC0325 - State-licensed Mold Assessment Consultant, Texas Department of State Health Services

Lol @Brian Hughes - yes, Seattle city council seems to think us landlords are “the dark side”.

I would go as far as calling the local DA, State Attorney General, Council member, Civil Justice whomever (they may laugh at me) there has to be some agency in your area you could report her to.

However, if you're not going to wait on the city to annex them with city funds (which is in no way guaranteed to get a council member to listen to you...possible, but not guaranteed), Do you have some other ideas?

I did not like this and I asked the council to make a plan and put $10,000 into escrow in case this potential liability became reality.

This project is taking place in Squamish, British Columbia. 

A piece of not so good news for San Diego Airbnb community:http://www.sandiegouniontribune.com/business/touri...In a move that will dramatically alter San Diego’s home sharing landscape, the City Council Monday voted to outlaw vacation rentals in secondary homes, limiting short-term stays to one’s primary residence only.The effect of the action will be to curtail investor activity in the short-term rental market while also barring residents and out-of-towners from hosting short-term stays in multiple properties other than where they reside.Thoughts?