We ended up closing at 240, but I believe we could have easily gotten 260 if we had listed at 249 and created a bidding war.I hope this helps!

A lawyer can easily find out how much equity you have and with more equity you are a more attractive target.Thanks for the input, Bruce!

This past summer was our first year, so to test the market we had a 3 day minimum, and we filled every weekend with 3-5 day stays easily but we had holes in the midweek.  

But again easily avoided by a $1 skiptrace or $30 credit check

There’s simply no room for mistakes that can be easily avoided.Did this article help you?

Because of this, they have changed their fee structure on me two times in the past two years2) They don't have back up cleaners so when the cleaner can't clean, they block off my calendar3) They do not have easily legible financial statements and do not provide 1099s 4) They have made decisions that have required my money without consent5) They block off check-ins on Sundays6) They are not great with technology - though they try to use hostfully to list on many platforms, I will frequently see that my listing is not up on VRBO for example.

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

That can typically be structured pretty easily with a will.

DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

There is no room for easily avoidable mistakes like these.