Same conversion ratios (conversions from "aggressive, well-defined business plan" to actually purchases and action)Now mind you these are actual zoom consultations, not the 5 reach-outs that occur per every 1 consultation.As I talk to different people throughout my sphere - primarily lending and insurance -- they report an even more lopsided affair, as they also deal with a lot of local "investment enthusiasts".  

A 10% emergency reserve is added off the base budget for any cost overruns or unexpected expenses after closing that occur but if never needed it is subtracted from final loan principal.So while not as easy as a hard money loan and with lender oversight, this may be an answer in this situation.

You can try and appeal, as there's no harm or extra cost if you fail to get the number you want. 

I suppose you could, but the busy street is supplying all of the customers you could ever want.As for insurance, if you have a standard homeowner's policy on a vacation rental, and a peril occurs - injury, fire, death, car runs through the house, etc., the insurance company is going to deny your claim, as it is a homeowner's policy intended for an owner-occupied home. 

Although taking in information from others can be great, it can also be pretty harmful as well.

Pricing concessions don't seem to be occurring in multifamily sales (yet).

This occurred when the previous owner held title.

I explained this all to them, after running the appliances for about an hour, and explained that I don't understand how their story is even plausible, it's not only technically impossible due to the different circuits the other areas that "issues" occurred in, but they said themselves the breaker never tripped.

While this is a great return and solid cash flow, I still can't get past the fact that it would likely take 5-10 years for any considerable appreciation to occur, and leave our money tied up.Please provide your thoughts on general direction, best options and any feedback around figures (new to running these).

@Stella Xu I do believe that was already occurring at a slow rate of migration away from high priced and disadvantageous tax regions.