You can get a lot of bang for your buck there but there is a lot more competition the key there is to theme it really cool to attract the most bookings.

One thing thats attractive about owning a property in California is that we are not obligated to pay maintenance to a coop which eats from the cashflow, however, that said we realize there will be maintenance expenses associated with owning any property.]7.When considering your ROI in selling your co-op, also keep in mind that in NYC, you, as seller, will likely have to pay NYC and NYS transfer tax (buyer would likely pay "Mansion Tax" if the sale price is $1M, but everything is negotiable).

The allure of having access to their lending pool of investors was very attractive...but again, my mind doesn't make purchases on the spot.

@Becky FischerIt's encouraging to hear that it is possible to attract vacation renters during the offseason. 

I assume you're looking at those because the rent/price ratio or other metrics are attractive, and there's a reason for that.  

The property should attract tenants easily enough, just worried about the class of tenant for the area.  

Explained he used a different name at work.This is on top of his roommate, who came twice, when asked for an ID, said he left his wallet at home both times.

If you have an attractive property in your backyard (Dallas) it shouldn't be an issue. 

This helps to determine the number of customers the project is likely to attract and the estimated price for each unit.

For seasoned, grizzled investors who plan to keep their money safe, that translates to yield means nothing if the principal is in jeopardy.By reducing my max LTV to 50% (including costs) I've eliminated most all investors who are unable or unwilling to offer property that attracts my money.