You could start a website with your business model and implement some online marketing.

It's simply a scare tactic designed to prevent the victim from resisting.

We implemented a better accounting system for our flips as a result of this deal.

Aloha,1) Regular Preventative Maintenance.

But from my research and plan I’m about to implement, I think Mo is right and renting this entire house out would get you more bang for your buckPM me if you’re interested in talking about MTRs in Philly, I’m very excited about this strategy moving forward and best of luck! 

For example, in my market I know that:Total gut rehab with both exterior and interior work will run me on average $60/ft for a rental and $70-$75/ft for a nice retail flipTotal gut rehab with only interior work will run $40/ft for a rental and $50-$55/ft for a nice retail flipCosmetic rehab for a rental will run around $20/ft (baths, kitchens, flooring, etc)If I look at a property older than 40 years and it hasn’t been updated in decades, it’s a definite gut job (have to tear everything down to the studs)Etc etcSetting up these “rules of thumb” will massively speed up your deal evaluation process, while preventing you from making costly mistakes.Go through this exercise one time and you will make massive progress in your ability to estimate repairs and value deals!"

Don't quit the dog walking thing till it prevents you from doing deals.... at this point it doesn't.

North Las Vegas: There is no specific ordinance preventing short-term rentals.

If you or the market hits a rough spot, and you are forced to sell at a loss (bring cash to the closing or short sale) or give the property back to the bank (foreclosure or DIL), you WERE "over leveraged" ... figuring that out before that happens is the trick :) And no, cash flow alone can't always prevent such an occurrence ... cash flow can dry up in an instant ... it can normally get restarted provided your initial projections were not that far off or too tight (which they are in the OP's case IMO), but how long and how much money it takes to get it flowing again is a tough thing to answer ahead of time.

.- Property boasts 14 acre lake- 3/4 acre swimming area with platform and waterslide- Pavillion-Water and electric to 65 sites now --much room for additional sites-2 bath houses..one with showers4- bedroom farmhouse1- Country Style Retail storeCurrently operating 5 months/ present owners seeking approval for year round operation..Current owners feel that marketing outside the traditional campground guidelines -- organizations interested can still operate under campground status while implementing ( the buying organization ) its message/lifestyle...** Option 1-- Property could be bought with mineral rights ( property sits atop natural gas reserve...not yet developed...residual income once NYS approves ..Marcellus Shale Country...