Hey @John Underwood, there are some settings in AirBnB that give out discounts based on weekly and monthly discounts and automatically apply them if they meet that criteria and if the home is booked instantly.

I would be very upset with my realtor as well if they got me amped up for a $545,000 pay day, when the house was only worth $505-515,000.I had a house not appraise.

They may not contact you today but if they see you around town long enough and you do end up talking to them one day they are like "ohhh I know who you are, I see you all around town" INSTANT CREDIBILITY.

If there's a vacancy - - so what, you'll still recoup gracefully.On an SFR, a vacancy  instantly create red ink!!

I think anyone who's passed the first grade would see instantly that that doesn't make any sense.

They are looking for a big payday in a relatively short amount of time.

This process was a bit different, as I was going FHA (because I can), and I will be able to create instant equity with the amount of work that is needed (and the purchase price).

After you pay off all the underlying debt of 181,700 you have 22,300 to play with for free so your cash on cash return is infinite because that $387 cash flow is assuming you get all of your down payment back plus a 22,300 payday, and then you can stop trying to keep track of what loans to pay.

The instant equity is the main appeal, as I am confident I could immediately sell with an ARV of $160k.

Instant equity bought for 64k now under contract for 151K.