They prefer private lenders, they do the PM and the reno, they pay 5.6% the first year for one class of investor, and a straight 10% for another class (with no upside for those folks).

Aside from that, the seller pays nothing else.

You need to figure out what your market is for mid term.

Not sure why owners invest in rentals, yet do very little research on market conditions!

Now way in hell would I pay more then 7X even for the white-glove silver platter delivery. 

Evict them If they don't pay rent.

The only money we have going into the market is in our HSA.

I’m looking for insights on how to put together a deal with the following details:Asking Price: $260KMarket Value: ~ $265KProperty Details: 3 bed / 2 bath / 1,400 sq. ft.Days on Market: ~100Loan Type: VA Loan (Attempting a VA Loan Assumption)Mortgage Balance: $200KThe ChallengeThe seller is behind on mortgage payments, and while I don’t have an exact amount, the agent mentioned it’s over $20K.

Minimum of 3 night stays, limited number of STRs in a particular neighborhood etc.You need to get the license and pay the STR tax.

But if this is a one-off, it's probably better to pay a local co-host who already has the local connections.Talk to @J.