If your market is leaning more towards shorter stays...which does seem to be the current demand nationwide...I would not cut your properties out of that demand!

I've wondered that myself and thought: If an investor was looking for birddogs why would the birddog have to pay the investor money before they began securing leads for the investor, that the investor would then in turn give the birddog an investor's cut on the profit end???

I am summarizing all of this and may be missing details.Extreme cost cutting mode is what Jorge opened up with.

Then my firm cuts me my share in a commission check that I may get 4 days after that. 

Some people just are NOT cut out to be landlords.

If not, cut it all out and put down some strong sturdy plywood.

Focus on the big moves: security, renovations, and cutting dead weight. 

Starting with a mentor is very smart – it really cuts down on the learning curve, especially with something like a fix & flip.

It's so nice to have that safety net.

A huge number of properties we have looked at would have issues on this front.It can lead to an opportunity to improve the value of a property if you can buy it with an illegal area, get that area legalised and then sell on with a higher value that the bank would lend against, but it's not clear cut and it seems though that there are almost two levels of 'legalisation' - we were able to register all of the annex on the plans and could fully incorporate a portion of it but there is another portion that is too close to the back boundary wall that should only be used for things like storage and not ever for habitation. 2) During the purchase process be careful, amongst other issues with this property we had the situation where the seller's lawyer was not actually a lawyer (having been struck off).