My wife and I have a flip on the market at the moment, and at least in the neighborhood we are in (Elmwood), the showings across the board are very slow.I think your buddy might be best served to lower the price a bit, get out of them and live to fight another day.Good Luck!!!

That said, the unit cannot be rented in it's present condition, and I'm not only going to pay for damages well above her deposit, but am also out a months rent while the house is being repaired.It appears the only way for her to fight it is to go to court once it hits her credit report, but I have a mountain of evidence against this loser, including her slamming the door in my face and her racist diatribe on video, pictures, texts, etc.

Sometimes houses in GA are pretty inexpensive so I hoped it was on a 10k trailer.Best advice is to fight to get someone to track the money.  

I often find myself calculating cap rates in excel. do you think it would be useful to create an online application that could allow you to input your cap rate information, see the results, and then save the cap rate profile so it was capable of sharing the link with someone? 

You're old property manager should have a paper trail to prove the timeline.However, bottom line, you probably don't want to fight this small dollar fight.Sorry for your loss.

I encourage you to really dig into the CRE world and this particular investment to make sure it's capable of meeting your goals and executing the business plan.

I don't really want to blaze new ground with AirBnB in residential areas that are not used to vacation rentals, but in vacation destinations I think it is a great idea - only here at the Lake of the Ozarks and Branson it is more HomeAway and VRBO than AirBnB, and there are entire areas that already know what vacation rentals are and are all set up to have them so you are not fighting city halls that are creating new laws against AirBnB.

The sellers do want to get rid of the property, the strategic part is explaining what this type of deal means without scaring them away, and getting them to understand that they don't carry any reoccurring financial responsibility in regards to the property taxes, utilities, etc.He asked me why I don’t just finance through a bank if I am able to, I advised him that although capable, it wasn’t in my best interest to conventionally finance a property right now, and that I was reaching out to him to offer a fair deal, and a quick solution under his circumstances.I tried to stay personable, instead of letting him assume I am some bigshot investor trying to hit him at the knees.

Long story short is it went through a year of legal fights back and forth and in the end the tenants got their money back.

Not only is that type of work way beyond any capabilities I'll ever possess, but it's a surefire way to blow even the best planned budget!