If they lost and If you used a realtor with a real state form, there should be a section that covers penalties for the seller and for the buyer if either party fails to follow through.

Here's where buying below UPB is so important since performing note buyers base their calculations off of UPB, not total debt.We are more aggressive, seek out the more delinquent notes, so getting re-performers is rare.The best out of the 3 looked like this:Purchase price:     $148,500UPB:                     $149,059Total Debt:           $217,829Market Value:       $224,500Sold to 3rd Party: $200,000BidderNet Proceeds:      $190,830Net Profit:           $34,034I would definitely buy from Revolve again in the future.

That part is up to you and maybe your realtor to assist you.

What we do with vacancies is open the listing for a set period of time and tell all interested parties when we're making a decision.

Always try and work out a solution between the parties, generally cheaper and better for all. 

Insurance seems to introduce another variable/party between the tenant and the owner/landlord and the tenant, which I'm not huge on since I want to be in control of inflows and outflows. 

Make sure you consider all the extra expenses that str properties have:third party software, supplies, county taxes and business licenses, utilities, internet, etc.and run the numbers to estimate what your cash flow will be in the high season and low season.  

Make sure you clearly understand what each party is responsible for and underwrite accordingly.Pay attention to ReimbursementsMost retail leases follow what is called a Triple-Net (or NNN) lease structure.

I have a Cincinnati-based short term rental 3 parties are interested investing in together, profits/expenses would be distributed equally. 

Basically they refused to allow both parties to walk away with a check.We ended up running it as an agreement in the PSA where we did a normal closing and then they provided a wire post-closing.