I've met a handful of true PMLs. 

Its a business that require a lot of TRUE liquidity.

It’s true that freshly renovated properties should have lower maintenance costs in the first few years, but this doesn’t account for unexpected expenses.

This is the profile that got in touch with me https://instagram.com/_melefaante6_15k followersAnd the true profile:https://www.instagram.com/melefante6/300k followersI have all the screenshots and the MoU that he suggested to me.

Also, many agents relist their properties there and the same property may have more than one agent and different prices.Full disclosure: I never bought a property from a site or from an agent and I am pretty new at this (with very little real world experience).Regards, RuiSo true Rui!

Is this true?

Quote from @Zach Edelman: Are you planning to occupy the property as a 2nd home or as a true vacation home?

The problem is this time of the year does not have much turn and the units available are not representative of your true competition. 

That said, I completely understand your concern about deals looking "too good to be true" when you’re putting in 50% down.To avoid this, it’s best to analyze properties as if you were using more traditional financing (20-25% down).

I also question whether this $700K six unit is a true 10.5-11% cap.