Was going to live happily (but not rich) ever after in our family's paradise, but daughter's medical needs has brought us back to the San Francisco Bay Area.So now getting my real estate license, working with small group of friends looking to expand our prime location/vacation rental model domestically/globally (already have 5 properties in mind).

In DC, some may go as high as 75% ARV or even higher because our market is so competitive, it is difficult to buy at 70% ARV or less; so the investor takes on more risk for less profit.

@Jason Schaefer just a quick thought if you have the cash, perhaps you can bid more competitively buying with cash then refinance in 4 months.

Understand that those that teach at any level for compensation are basically in competition for your "educational" dollar.

Based on the way it sounds your pricing works though, and i think this is the point @J Scott was driving at, you may not be as competitive for an investor to use as another contractor.

Little less cash flow out here and competitive market, so that might be one reason why...Seems like lots of Houston/texas investors on here (many from CA), so you might be able to drum up quite a bit of business if you connect with them..

There is a matter of eliminating competition for banks, that's a plus for the big and small banks or regulated lenders.

Just wanted to bounce this off of a sounding board, to see what the competition....i mean peers...think :)Deal Analysis

Way too many folks look at others in the industry as their competition and they really aren't.

Budget for dropping occupancy, it's going to happen...Your competition for these properties are the Chinese, Australians who just want their cash out of their country where cash flow is frosting.