It sounds like your reserve is only increasing if you have outstanding invoices or they are expecting invoices for work performed.

We made two short trips there in May and September to check on the place and to perform maintenance (10 days total between the 2 trips).Things were going so well that we decided to build a second STR.

Challenges for this project included my former plumber taking forever, the appraiser hosing me on the final appraisal, and my inability to devote enough personal time to perform the small labor that I like to do on the rehab.

Which real estate markets did the best in 2008?? I heard NYC was not affected very much in the 2008 crash. I dont know if that is correct. I know Phoenix took a big hit.

In some states, the seller could actually sue for specific performance, which would mean you would be forced to buy.

I’m certain that through careful planning, market selection, understanding of the intended market as well as it's economic foundation, a solid strategy to include multiple exit strategies, acquiring a great deal, implementing and exercising effective business systems, working with mentors and other investors I’ll be successful.

The courts will continue to accept eviction filings, but the sheriff's offices will perform no lock outs until after April 3, 2020.

I am a current investor in short-term rentals (STR's) in Arizona, with (4) properties that have performed very well. 

Is that liability worth the extra money it would take to have the same work performed by a licensed tradesman?

I am trying to find the details of a game or exercise that a BP Real Estate Podcast guest discussed.