Hey Edward, I agree with everyone else about being cautious in a market that you are not familiar with...

Heck, I had a lawyer for a tenant who I would do a deal on a handshake with.I've also know a whole bucketful of lawyers that I would be double cautious about even saying "hello" to.But lawyer or not, real estate partnerships often fail.

There is none.My gut feeling is that I believe most attorneys will take a overly cautious approach and come to the conclusion in advising that until this policy becomes law with supposedly black and white descriptions, one must err on the side of caution and avoid future short sale flip transactions.

If you have multiple floods, the buyers are much more cautious.

I truly believe when real estate is “popular “ it’s a time to be cautious.

Basically my wife is a very cautious person where I am a plan and execute.

Be cautious. 

Banks and conventional lenders can likely offer higher leverage and better terms, but are likely being very cautious in this environment, especially about an emerging and economy-dependent asset class like STRs, so reliability and certainty of close with them will be much lower

(This doesn’t negate that if he owes you money, you don’t have every right to collect it) I would just be cautious in throwing stones from a glass house.As to the reason you would buy a house at retail or sometime a little above, may be because the interest and holding cost is so low.  

@Lucas Sawyer Be cautious.