Legitimate lenders may charge a small application fee (around $250) to verify you’re serious, but if someone’s asking for thousands with no real intention of closing, that’s a huge red flag.On a more positive note, there are creative financing approaches out there.

My absolute best advice with ANY STR prospecting is to contact the municipality in charge of regulating that area of region.

What are they charging per night? 

An appraisal fee in advance for an actual appraisal is legitimate, but you can find lenders that don't require appraisals and don't charge appraisal fees.

You can then use that income that to put downpayments on real estate properties at a frequent basis.

If there is one thing I have learned, is nobody is going to charge you a fee to learn to get rich lol.

Of course there is upside to this as I can charge more rent but the property being vacant for two months also is it going to cost me around $1200 in mortgage payments as well.Another unit of mine unexpectedly went vacant beginning of the New Year.

Our current manager is in Huntsville and it is becoming clear that we need someone more local to Cullman who can be on top of showing our listings and taking charge of maintenance and repairs as needs arise. 

I am originally from there and manage on in Ventnor and have had some issues getting a straight answer on what I should even be charging for tourist tax. 

When you are pricing out your offers make sure to price in how much you are charging for assignment of contract.