Either way your probably going to need legal representation to figure this out.. and getting as many investors together to compare notes will also be critical.someone should have the orignal note.. and you can find the mortgage at the county recorder hopefully these guys actually did a mortgage and note and recorded the mortgage.. this is classic set up with those that really dont understand how the transactions are or should be put together and your just trusting.

. $14,145.79- Replace Rear Deck- Paint Exterior of Building (2 tone)- Refinish and Stain Hardwood Flooring- Install Vinyl Plank- Interior Painting – Unit #1 and all Common Areas (3 tone)- Install ceramic tile flooring in baths and Unit #1 kitchen- Install New Kitchen Cabinets Unit #1- Subway tile kitchen backsplash in Apartments #1 and #2- New Plumbing Unit #1 house toilets / sinks / garbage disposals / tubs / faucets- Install new light fixtures- New doorknobs and hinges throughout- Replace electrical outlets and switches- Repair / Replace damaged window sills Cabinets ............................................................................................................................ $2,261.25Materials (Home Depot)................................................................................................... $5,228.42Stainless Steel Appliances (Lowes).................................................................................... $1,904.82Granite Counters............................................................................................................... $2,499.00TOTAL.............................................................................................................................. $26,039.28Gross Rents:  Total $2,795.00- Apartment 1 (1 bed / 1 bath) $1,000.00- Apartment 2 (1 bed / a bath) $1,000.00- Apartment 3, (small 1 bed / 1 bath) $795.00The Refi:  I closed on this property in October 2018.  

I think I should be the one who starts a new thread with a brighter more positive tone.

. +10, $30, $2,300, $45/hrPPC: 15, 3 hr, 45 hr +10, $200, $3,000, $127/hrAs you can see, the $/hr on this work is high, but you're either going to need a good amount of cash monthly for marketing, or a shitload of time.

I think Kelly's points are valid, although the partisan tone reflects a fundamental problem in U.S. society.

@Qadre LewisIf the property is going to need rehabs, I'd call a couple of contractors in town and get them to work up a scope sheet and a hard quote for you, that way you can have an even more informed buying position.

I'm interested in developing the muscle of analyzing properties and getting the feel of different markets.

Even then, you're going to need to get hooked up with a solid wholesaler or start marketing aggressively. 

Aside from the homeowner's coverage they have probably being invalid if they were to need to file a claim, landlord policies have liability coverage.  

As @Travis Timmons above said, make sure you have the reserves budgeted for the (hopefully) minor repairs, remodels, and painting that all vacation rentals / STRs seem to need.