We just signed one of our new builds and that is how they structured.

I did reach out to one private individual that had a building listed in my area that was of interest, and although priced right at retail the numbers that were provided were so "high level" and lacking any detail that I didnt pursue it any further.

And of course those are highly difficult locations in CA for development and building permits..

If you open up the schedule and another guest books, then I agree with @Chris Seveney that a credit (assuming the new booking is at a discounted nightly rate) would be more than generous and also lets her know that you are a reasonable host if she does decide to book again in the future.It just feels odd that she would be contacting you the day of check-in to cancel due to the weather, when she could have communicated this days ago.

I'm not looking to get rich quick but I would like to start building a portfolio to eventually get out of the "9-5 rat race".If anyone is in the Birmingham area, I would love to meet up and let me pick your brain on things. 

First a cash snowball approach to build up your cash.  

We welcome any suggestions or insights you may have.Additionally, if anyone has information on the approximate cost of building a duplex and triplex in California, we would greatly appreciate your input.To provide context, neighboring properties in the area we bought offer insights into the local housing market.

I had to go to zoning and spend thousands to get it legalized.Your situation seems as if it is zoned as a single family home, and it was split into 2 apartments with no building permits.He's selling the property because he has the wrong zoning, and is finding a bank or an investor who over looks the problems that will arise once they close.With the way things are with insurance, I wouldn't be surprised if your insurance company will not insure for two unitsgood luckGino

I was part-time for 6 months while working a government job (no cell phones allowed in the building). 2 rentals closed in 6 months, no sales.

We have an 8-unit apartment building that has 4 furnished MTR units in it.