So in my mind STR is good tool to catch long term appreciation and REDUCE EXPENSE when folk is vacationing.For me it is as the following:if you like snowboarding you would buy in Tahoe or Denver or Aspen.if you like beach you buy in Hawaii, Destin, Panama Beach FL or San Diego.if you like hiking/forest you go to these Servier county,etc.The problem is if you don't have hobby and don't like to go for vacation LOLI cut 90% of my vacation budget by having STR, this is the internal profitability metrics LOLIf my own purpose is to make money I would find investment that yield 30% IRR and >1.5EM and I know it's not that in vacation market in 2023 lol.

Also find out how to file a judgement for outstanding rent-you'll likely never see the money, but if you can get it attached to his credit score, that would be good.

So you'll want meticulous records that show the money going only into that property.All this being said though, you may find that it is to your advantage to not try and carve these out of the sale. 

I’m thrilled to introduce myself as a new agent in the Los Angeles area and joined BiggerPockets to make more connections, friends and most importantly to learn what to do with my money when it comes to investing.

Nothing wrong with being a private money lender.

We still made plenty of money... but you don't know what you don't know... and in Flips, that can get very expensive, very fast.  

You still need to put at least 10-25% down depending on experience for a hard money loan.

I would not pay them $0.01 and if they did not provide me all my money bock, I would sue them for what they owe me. 

We have already raised half of the money for the community on bank notes with friends and family, we need another $150k before Aug 1st.

Seller often think "Where will I get the money to loan you?"