They could only loan 60% ARV (if I remember the % correctly).

Maybe a corporate group looking to house multiple workers like for construction or power projects. 

Everything you posted is correct except your definition of “profit” unless you only paid $140k.

Let me clarify:You’re correct that there are some parallels.

Hey Peter, thanks for the comment and the insight and you are absolutely correct about knowing what sells in your market, I see this happen with a lot of fix and flip projects that are just in the wrong areas, the investor gets the house for a good price however spends too much on repairs and adds a lot of luxury thinking that it will push the ARV significantly higher than the average in the area.

Hi @Shane Gorski,You're absolutely correct regarding the difficulties of STR's in Naples, there certainly are a few other local cities that are much more conducive to that strategy, Bonita Springs, Cape Coral, and Fort Myers Beach being a few of the major ones.

If it's something that you have caused then it needs to be corrected.

If I understand correctly you have a Solo 401(k) and are being told you need to find a new Third Party Administrator/Recordkeeper.

I want to bring on one more top agent and also hire another admin to take more work of my plate.On a personal side, we are going on 6 trips each year (sounds amazing, but I still work more days in a year than in my former corporate life, because I usually don't get weekends off).

Is this the correct Bret Hudson?