Hey, MadheshwaranFellow short term rental owner/operator here. 

Hi Nico,Thank you for your post, You mentioned that hiring a few virtual assistants (VAs) to cold call has been effective, and that text messaging is also performing decently,I specialize in identifying and revitalizing unique properties—those that are not typical, for example, I recently spotted a triangle-shaped property that has the potential to be transformed into something beautiful and valuable, either for living or resale, Could you please share your approach and any guidance you might have on the process of using virtual assistants (VAs) to cold call and the text messaging strategies that have been effective for you?

Hi all,I'm a new member of BP, but a long time follower.

In this case I have an older woman who no doubt would gladly go back and forth all day long complaining about everything day after day, and into the evenings.  

Add two months to your projections of how long it will take.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Just like @Russell Brazil said, I would review your contract to see if any of the established terms are not being followed.

I just received a quote from my AC company, these are the two options we received:Option #1: For a 2-stage Rheem heat pump system the total price will be $8,340.00.Option #2: For a single stage Tempstar heat pump system the total price will be $7,280.00.The property is a long-term buy and hold, so we plan on owning for the next 30+ years ideally.

If you are looking to build quick capital and another full-time job, then flipping may be the answer...if you are looking for a slightly more passive approach and looking to build that long-term wealth, buy&hold'ing is maybe a better strategy.I've found introspecting on where I want to go long-term has helped clarify my short-term path...The beautiful part is Chicago offers all options at affordable prices general speaking compared to other metro areas.

My first investment that wasn't my primary residence was a SFH about 15 minutes from my current primary residence that I use as a long term rental.