Our plan was to buy cash, fix the roof get a renter and take to a lender but I’ve asked numerous lenders and all need 6 months time to recoup the appraisal cost since the purchase price less 15% downpayment is the only thing we’ve found offered on this deal... it’s going to take 3 months max to make this happen so we are looking for a lender that will lend us about $70k on this house before the 6 months.

The worst thing you could do is not tell the true percentages you expect then a claim be up in the air whether you get protection or not.I have numerous clients who have airbnb's throughout the nation and the premiums often are higher than a regular secondary home/landlord policy.  

I've seen numerous business partnerships like this where both parties are happy.

However, mentors thrive on helping people and seeing the end result of their product.I'm sure there numerous people on BP that will help in that aspect.  

Listed price was $289,000, so I used the likely frustration and fatigue element of the sellers numerous failed closings as my leverage and presented an all cash, zero contingencies, and a 10 day close at $255K, which was countered to $263K which I accepted.

If this is the case there are numerous ways to structure that deal, but to offer a single simple agreement:The Pref is 8%.

I've had numerous opportunities to work with OOS investors as a local on the ground, but have declined because it's just not worth the effort for me.

In particular I am dumbfounded at conducting accurate adjustments on comps.Amongst numerous Bigger Pockets sponsored books, I read J.

If you are local you likely have an advantage and this can help you to find good deals5) People who haven’t been through a real estate cycle and are less risk averse than others that haveAt the end of the day it is impossible to time the market, I know this because I used to trade financial derivatives for a living, I spent my life on a trading floor and I have worked with numerous hedge funds.

@Amanda SokolHuh, ok....me thinks he's not as handy as he advertised, none of the RTA cabinets I have ever bought came with instructions at all, except IKEA, and I never use them anymore because they are overpriced for what you get.Usually the RTA cabinets are sold to contractors or are installed by the company selling them, so, they have guys that know what to do...I have installed half a dozen kitchens of the RTA type and recently decided to have the supplier I use send their guys to do it, what would take me two days including granite counter with sink cut out, took them just under 4 hours, including loading tools and basic clean up.