At times and during certain seasons cleaners may make more than the manager, but we also put a lot of time into the property that needs to be compensative for as well.

The issue I see with your $500 allowance is that in some seasons they will definitely be seeing a big cost.

The husband had a good paying job that had a slow season where he would collect unemployment a few months per year.

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.  

It is very seasonal but does very well in Summer and there are a lot of STR friendly towns.I have considered it however my current goal focuses more on a multi season rental and I am also more familiar with the non beach towns.

But I have run zero vacancy for the last 25 years as of Aug 1 unless I build something then I have lease up in the off season.   

That being said they have already moved in, and this is the slow season for renting homes.

The wholesaler created new terms with the tenants and the wholesaler plans to hold it so that the new loan gets seasoned, before selling the note.I opted not to get involved and have started my knowledge building into private lending.

Refi's before a 1031 should consider some seasoning time.

Whether you’re a seasoned pro or a new investor, understanding and leveraging SB 9 could be the key to your next successful project.