And I am under contract with my wholesaler.however your not under contract with the owner.. so I think you are in no mans land and if it was sold bought vastly under-market I think the seller will prevail if they can prove they were lied to about true value 

It has a fair market value of 500k when you inherit it.

Hi @Kelly Rao, we compete with Nomad in the Denver property management market, so I'm familiar with their business model. 

However, the short-term rental market comes with added complexities like managing turnover, dealing with seasonality, and ensuring you comply with local regulations.

Hello BiggerPockets community,My wife and I purchased a house in Katy, TX a few years ago for $230k, right before the market surged.

I am about 30 minutes outside of Jackson and wanting to invest outside of the city of Jackson, but still in the Central Mississippi Market. 

Apparently the OP has been over whelmed with calls and texts from solicitors, marketers, etc. as a property owner.  

What is the prevailing cap rate in the market for this asset class and make sure that the reversion/exit cap rate is half a percent at least increase bc you're assuming that you're selling it in a junker market.Loan Terms & Exit Strategy:Verify the loan terms (e.g., 3+1+1 extension structure).Confirm if the deal involves bridge loans or fixed-rate, long-term agency financing.Assess if the extension options are realistic based on the current and projected market conditions.

Test drive the tech products - part of the BP pro membership is access to our amazing tools like Market Finder, Deal Finder, Rental Calculators, etc.

Houston's short-term rental (STR) market has been unregulated up until now, but that's set to change by the end of 2024.