Even successful and furnished properties often need a refresh and at least some additional reinvestment due to wear and tear. - Production: Typically STR production on the Oregon Coast is +/- 10% of valuation.

They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair etc.I have no say in whom they choose to move in, whether there are animals, limit on # of occupants etc. they reserve right to inspect property so i have no idea if they can tell me to remodel, paint etc.does this make sense i have a vacancy coming up in October (bad rental timing).

These are professionals with additional training and a stricter code of ethics.

If we sense there is a red flag, were asking them to upload additional documents like tax returns w2's etc.

Hoping (SD) rental amounts have increased and renting it out/refinance if able/eating the cost. 4.

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

A less then full investigation may result in one thinking that the house and or the house and tennis court lots were what was being sold.As I later found out, a newbie tax lien investor thought they were getting a great bargain by outbidding other misinformed investors and paying the back taxes, legal fees, and an additional $34,000 (overage) which the county forwarded to me.  

We rehabbed the entire property and added an additional bedroom to each of the units.

Thanks for spotting that additional "real property" question. 

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