Point noted about not being able to underwrite without seeing things in person.

NOTE: There are likely better finance options out there as well.  

We print the reports and remit appropriately, taking 30-45 mins or so per month.Separate note - Are you in ACNJ? 

Or as you note high wage earners.

Yes they "may" lose some potential future value, but cash in hand for a needed purchase is better than holding on & the market tanks just before you need the money.As a side note, the real true investment is in the underlying technology, block-chain, not in the crypto-currency of the month.

One thing to take note of is that a lot of places that are established STR markets have regulations stating that you have to honor future bookings.

I am staying wondering why there is so little information on tax liens,  i read some books on notes and foreclosures but looks like a big secret here... maybe that's the reason... i need to go into this to find out :)

As we’re beginning to get a grasp on the scale of the challenges ahead we wanted to highlight a few areas of note and concern that is already influencing the local and national real estate market.

However, if you clearly communicated a $15K budget, I’d stick to that and ask them to discuss the overages with the contractor to find a resolution.As a side note, always try to maintain reserves for your properties.

Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.