He says we must install 2-prong outlets, but most appliances and other household thing-a-ma-jigs have 3-prong plugs (computers, vacuums, electronics, etc)… Also as a result, we cant have GFCI outlets installed where needed and most of the other things in the report can’t be done effectively. 

He says we must install 2-prong outlets, but most appliances and other household thing-a-ma-jigs have 3-prong plugs (computers, vacuums, electronics, etc)… Also as a result, we cant have GFCI outlets installed where needed and most of the other things in the report can’t be done effectively.

This is how a domino effect could really happen.

Then with owner financing it have the same effect.

I have been doing this 18 years, and never seen a group so full of rage. After a couple major breaches in their lease, and my wanting to reassess the now month to month agreement, my 18-26 year old tenants keep threat...

The investor may still be willing to pay over market price for a number of reasons, such as accumulating individual properties adjacent for future development; to add to a portfolio of close by properties so synergistic effects may be realized; because he knows something that will lead to large increases in future value; because the property will return a higher net income than the comparable properties, etc.

With no money left in the deal, my ROI is not effectively infinite.

With no money left in the deal, my ROI is not effectively infinite.

It definately could effect that.If you have the STR for a year or two you should be able to  count about 75% of the income so it would hurt you too bad.If you are planning on buying a new primary house within 12 months of buying the STR then I would buy your new primary residence first.

Keep in mind these are all before the new laws took effect in June, which will add at least another two weeks.(1)  46 days from rent demand to eviction warrant(2)  47 days from rent demand to eviction warrant(3)  18 days from rent demand to eviction warrantThe first two, I used an attorney (required in NYS if using an LLC).