Then, after booking, I send a more detailed version to cover important details like noise, extra guests, and check-out procedures.Since you're in a vacation market, setting clear expectations upfront while keeping the details for later might be a good balance.

Quote from @Jaren Taylor: Quote from @Chris Mason: If you have the ability to market and raise money, then you secure the down payment, and do the normal commercial mortgage process. 

I understand it’s a different market but I think $1200 is a pipe dream.

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

They are experts and an incredible local market resource.

easy to build, rent, refinance repeat. might not be your market. look at the underwriting model. we underwrite every deal not only with fresh comparable but market economics change. land costs go up or down, construction costs go up or down, design modifications improve the property, comp sets can get more favorable or less favorable.

The house was on the market for a few weeks, I submitted my offer after the seller reduced the price to $24K.

Much like other markets in the Midwest, investors go to our market because of the low barrier to entry.

In my market - new build duplexes dont cash flow well but are typically a great 5-10 year investment. 

I am wishing everyone great success!