- And more...Let's move past all of the above and focus on understanding and monitoring maintenance charges PMC's bill to their clients.There are two basic components of every maintenance bill, labor & materials.

And I think it is, with certain caveats  and in certain states. 

So I am sure they don't want pesky DTR operators stealing their bed and food and alcohol revenue.

How did you find this deal and how did you negotiate it?

My biz partner and I 100% believe community and building authentic relationships in the real estate space is so important for growth.

It's also easier to figure out all of the pro's and con's a head of time to avoid lost time and money.  

Welcome aboard Franklin and good luck investing!

Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 Seller was behind on pay HOA payments and in risk for losing the property.

He is great with investors and can find deals that cash flow much easier, including some off market stuff.

Since you know what you need to buy it at and an average rehab cost, I would say $50-70k for a cosmetic flip, set the ARV based on the sample you choose and doing comps and ask them if they would invest in a deal similar to this.