However, if your goal is high returns most Airbnbs should produce 15%+ CoCR and I don't see how you can achieve that with these costs.

.· Having troubles trusting their property manager.

I am trying to better understand the legal side of whole sale so that I do not run into any troubles.

The right lender isn't going to run at the first sign of trouble.

He is in deep kimchi....However if (as I suspect) there were verbal COs and the contract does not match the plans, Etc, Etc.... then you are in trouble.

I am not sure it does that anymore and I had some trouble even getting leads, so I stopped using them. 

I have been told opposite information from different lenders and am having trouble finding a definitive resource on the subject.Lender1: "Vacation homes" cannot be rented, if you acquire a vacation property with the intent to rent you are in violation of the loan, the loan could get called, and you risk foreclosure and a derogatory mark on your credit.Lender2: "Vacation homes" can be bought for 10% down and you can rent them right away. 

Hi BP, no matter how many times I re-read David Greene's "Long-Distance Real Estate Investing" book, I still have trouble understanding how to quickly estimate rehab costs when you are looking at multiple different potential deals being sent over from out of state.  

Hi Berry and welcome to the ride.....don't worry about being 36, you have plenty of time :-)Just take it slow and smart, don't feel the need to rush....it will get you in trouble and now is the worst time to buy anyway (IMHO).

This place has a detached garage that's perfect.I realize every house will have *something*, I'm just having trouble grappling with where you draw the line with "this is too much, I'm walking" and "this is acceptable to take on for the value of the property".