The value of the property appraised over selling price but 75% of the total rents did not cover the PITI which failed the self sufficiency test involved with FHA loans on 3/4 unit properties.

So they are definitely very intense.

I have done it and still have some units I'll probably be sunsetting soon.It's not the most loved topic in this forum for some good reasons, but for me it was a pretty easy way to test out short rentals. 

The resort is shut down for the next two months so Iḿ testing the waters here. 

Quote from @James Wise: Only realistic way to learn the business is to find an entry level job and work your way up.So you're saying there is no schooling, testing, or licensing requirements to become a general contractor in Cleveland?

So many don't seem to really shock test the various risk factors in tandem when they make assumptions of trends.

The short term rental business definitely seems more intensive in day to day operations but I can see the appeal with buying higher quality homes and getting a great return.

Hello, Louisville KY is looking to start enforcing lead pint testing on rentals.

You don't know until you test test test

I have always been going about it the same way for a while and curious if anyone has tested different approaches and noticed better conversion rates from one approach to another.To be more specific on a cold call for example:Option 1: you immediately bring up that you have noticed the property is in a foreclosure status at the start of the call and/or make it known you are aware of their situationOption 2: you start off as a buyer looking to buy homes in their area/making cash offers and let them uncover their own pain points through purposeful questions to lead them to uncovering their motivation/situation.I have always done option 2 and it works well but I sometimes wonder if I could have a better conversion rate with a different approach.