I feel like they are asking too much fo the purchase price considering the rent price being on the low side.

They are red hot right now.  

Thanks everyone, but the renovation part of this is 98% done, with still a little room for improvement... which is my downfall because I keep thinking of new ways to keep pouring money into this thing, and I gotta stop that.I've broken up my story because I have a thousand progress photos.So why don't I continue.....Ah, the photo is right side up.So that chair and the metal desk came with the house.

I would buy a duplex, rent out one side and then rent out all the bedrooms on your own side and sleep on the couch!

That isn't quite a large line of credit for rapid acquisitions, but on the conventional side, LOCs are usually in the $1mm+ range.

And on a side note to this question, do you have to be an "accredited investor " in order to invest a "large" amount of money.  

I am a young landlord and just do this on the side (full-time engineer).

You will need to use a carpet cleaner that cleans with chemicals and hot water not just steam.  

The south side is a great place for investors. 

Pro's:- you know what you want, what to ask, where you want to buy,  and the average buyer agents who are not pro Airbnb specialists just do not know how or what to ask as good as you do, they can sometimes get in the way, I get it- you could potentially negotiate a reduction in sales price based upon the amount of the buyer agent commission, - the listing agent could work harder to put the transacation together because they are hogging the entire commission, - seller agents know the motivations of the sellers and you may be more successful uncovering motivation, or seller structuring it to work for both sides more effectively than buyer agent- the closest distance between two points is a straight line, we usually get better results dealing direct as experienced buyers, unless you have a superstar buyer agentCon's: - the listing agent commitment and fiduciary responsibility started with the seller, will they now all of sudden become truly nuetral as transaction broker?