It was a subject to deal that I only needed $20k to get in and $20k for rehab How did you find this deal and how did you negotiate it?

The only investors we know that have success with Class D rentals are hands-on owners, that drive by their properties 2-3 times each week.

Seems like it performs well but will have low value when it is time to liquidate.Now, there could be value in it being a successful business, but it has low assets so it would take someone who understands what they are buying vs a pure investment.

Once you are within 4 months of buying a house - that's when we get "prequalified" and then all of the terms/conditions can be spoken with accuracy.Keep learning and hope to hear a good success story when you get there!

I don't know exactly, but it's there that a tenant will try to dispute credit card charges after the fact and if somehow successful, you may be out one or more months of rent. 

Hey everyone, been doing a lot of research and educating myself on best practices to running an STR successfully.

How did you find this deal and how did you negotiate it?

You can explain to your potential new partner that he will make an extra amount on each deal through his realtor commission which will help increase his profit.If possible make a deal that both of you are happy with because finding quality people to work with is a key to being successful long term.

Your post may resonate with someone who is in the process of listing a traditional rental but who had never previously considered arbitrage.Please keep us posted on this thread on how you ultimately find your successful leads.

How did you find this deal and how did you negotiate it?