.- Getting under contract and then reducing the price because of findings is common, but major reductions are likely to tick off the seller unless you have strong justification.

With rent demand being so high, it can be hard to make the numbers work, and it is so easy for property managers to fill units, that there is little justification for taking on the risk of dealing with Airbnb issues.To illustrate, I will give a personal example.

@Nathan Gesner My justification for taking the risk is that I have a solid W2 job so I can afford to take a hit for a couple of months for vacancies and maintenance.

@Jamie ParkerThe only justification for going to 10X is to snap a selfie with Uncle G and post it on Insta to "keep up" with your buddies.

Fast forward to today and one of those existing STR's has become a nuisance to the neighborhood and so the HOA board is planning to ban all STR's using what they believe are provisions in the CC&Rs to justify it and have consulted an attorney to validate the legal standing on implementing this ban.The CC&Rs were written in 1998 (before STR's was even a thing) and have these sections being cited by a couple members of the board as justification for banning the rentals (note there is not anything explicit about STR's in the documents)Section 1 – Single Family Residential – states in part, “… Lots… shall be used for no purpose other than residential purposes.”

You can't reasonably use that as justification to refuse a fair request (I'm not passing judgement on whether the request is fair or not). 5.

Only on rare occasions, when I had exceptionally clear thinking and well educated person (which, I will emphasize, was rare in wholesale or car buying business), I would go into details, break down the numbers, show my spreadsheets, sources of information, calculation and justification for the price I offered.

It may not be the most efficient way to find leads because it depends on insane volume.Yes I understand that, but it is STILL wrong, no matter the justification of doing it right?"

So the justification is, the price is really cheap when compared to what I can get close to home.In reality, this particular property is not inexpensive for the area it is located and the condition it is in. 

In the video I show how I end up replacing most of the suggested comps with comps pulled from Redfin and the justification behind it, but the punchline is that it helps you come up with an accurate number doing what @Hem Kumar said: "...make adjustments for unique features and amenities..."