@Russ Scheider  golf course communities can go through this..La Quinta CC in So CAL had their club house demolished in an earthquake.. well it was still standing but it needed to come down..  25 million to replace.. 400 members. you can do the math.when economies have issues as well CC can be a really dicey thing.I lived at Silverado CC In the Napa Valley for a decade ( owners of Halls Chop house there in Charleston used to be the GM there).. but the course was not owned by us members so we were never subject to any capital improvement fees.. but then again we did not have a lot of say.. and the course was semi private with resort guests.. ( which I liked I met all sorts of cool people from all over the world that came and stayed there etc etc)

When they filed their papers the IRS gave them pass through tax status and the use of LLCs spread like wildfire as they were much more flexible than corporations. 

Plus, the business that runs that site is currently in "suspended" status from the state for some tax issue.$2200/mo doesn't go that far in Orange County unless you have a substantial down payment. 

Noelle Saingarm Airbnb charges the guest 12% typically the 3% is just payment processing fee.

This is one of the questions I use to think about often and have even spent TONS of hours researching trying to find that perfect zip code that was the pot of gold.

If the 50% rule is applied, the property would provide some cashflow  (~$118/door).So here is the status of the analysis:Purchase price: $40k with $10k down @ 5% = $164 / mo paymentMonthly rent: $400/mo x 2 = $800/mo with 10% vacancy = ~$8640 /yrTaxes: $1151/yr = $96/mo (County assessor)Insurance: $300/yr = $25/mo (Guestimated)Prop.

Truila send email status that the property in pre-foreclosure.  

In my MLS system, I have a few days to make a change to the status of a property.

@Joshua HillYou need to find out the status from the seller first.

Under the “implied warranty of habitability,” the landlord is legally responsible for repairing conditions that seriously affect the rental unit’s habitability.81 That is, the landlord must repair substantial defects in the rental unit and substantial failures to comply with state and local building and health codes.82 However, the landlord is not responsible under the implied warranty of habitability for repairing damages which were caused by the tenant or the tenant’s family, guests, or pets.Generally, the landlord also must do maintenance work which is necessary to keep the rental unit liveable.