This is a post-closing penalty charged by the Escrow Administrator to extend the renovation period beyond the maximum renovation term of 180 days in the event renovation is not completed within agreed upon terms.

E.g. you will spend at a minimum $10-15K (this is being ultra cheap) on a securities attorney (not including other costs around administration, legal and accounting). 

The juice usually isn't worth the squeeze in situations like this, and the added professional liability, administrative hassle, and paperwork might not be worth it.And remember - Your broker gets his or her usual cut (based on what your agreement with them says), so it may not be worth your time either.

@Garan Kama take a look at this page when considering STR and Airbnb in Vegas: http://www.clarkcountynv.gov/administrative-servic...Clark County (where most of the strip is) is outside of the actual city of Las Vegas and transient occupancy of residentially zoned properties has been illegal since the 90's.

You could always start marketing for deals (using mailing / list services) and then partner with another local investor who can take has the bandwidth to take on your inbound leads and can handle negotiations, acquisition/exit strategies, contract administration, etc. in exchange for a profit split.

You need to sit down with the zoning administrator after you pay for a survey that is recorded at the courthouse (because zoning won't talk to you if there's isn't one).

I've been listening to Hillary/Obama debates, and to be perfectly honest, no matter what people say, (the obamakins or the hillary addicts) they're straight up just politicians with no idea what to do.

Office of the District Attorney,Consumer Protection Unit, 600 Administration Drive, Rm 212-J,Santa Rosa, CA 954032.

Four years experience as a management professional with the capability of directing an effective operation through the application of experience in policy determination, planning, organizing, administration, and staff development.

Obama just showed his inexperience in International politics, and now if he gets elected, there is a very good chance Iran, or someone else, will actually think they can get away with attacking Israel and the USA will do nothing.The president's main job is International politics, and Obama took his eyes off of that and looked at temporary political advantage domestically instead.Since I think we are going to have a Democratic president next, and I suspect that it is going to be Obama.