Verifying last 2 years of rental history very important!

It is important to remember you own real estate in the Poconos and you are choosing to operate a STR business.

Since the house is for sale, the most important concern is marketability.

It’s also important to distinguish between those who are genuinely advising you and those who are selling you a service or product disguised as advice.I went to my first real estate conference in Atlanta in 2005.

Quote from @Joe Paasch: I have joined this site to gain important incites, discussions and plans to build a successful portfolio.  

You bring up some important points.

. $150k down, 5 year balloon, 8% interest, no inspections, repairs, or appraisal, $20k over asking, and most importantly.

It can be confusing, but it’s important to know the actual annualized return as well as the absolute return of any investment you make or contemplate making.   

Bathrooms are one of the most important areas of the home, so it is extremely important to get them right and make them stand out!

I will also emphasize the importance of keeping at least 5% of your gross rent income and allocate it toward emergency situations each month.