When it goes the other way after purchase and people start losing money and creating stress in their lives then everyone points the finger and lays blame.That's when you need to point to the written and SIGNED operating agreement notarized by all parties. 

@Philip Williams - we were turned away right away, but after research we found the prior owner passed away - so I'm sure there hasn't been any management the past 6 months- and it looks like kids/relatives are looking to just liquidate it - so I've got my fingers crossed that's the case and it will turn out to be a good deal

Either way if the numbers work don't let it slip through your fingers.

Crossing my fingers!

Swipe your finger across the phone and it magically takes you ahead to the good stuff.

However, he was so needy (time in prison, times without a job, time out of the country, needing help applying for jobs, and on and on) that he definitely had widow's husband wrapped around his finger, bending over backwards for him at his every request.

This allows the bank to lend you more money, typically via construction loan accessed through draws, and keeps their finger on the pulse that the stated renovations are being performed.

Fingers crossed for a better 2017!

Hank DeanVacation Rental Finger Lakes607-535-9999

STR's are much more passive, most of mine have rent coming in every month without me having to lift a finger.