So there was a SFH listed for 225k in which the seller relayed that he was willing to take care of all the town inspection requirements if necessary (They conducted a town inspection in April in which it had passed but had now expired so another one was needed prior to closing).

I'm only on Airbnb now, conducting thorough market research and analysis is key to understanding the dynamics of any business or area you're considering. 

For example, the revenue expected during the low season is five times less than during the peak season.In summary, this methodology offers a comprehensive approach to analyzing the short-term rental market within specific subareas of interest.By localizing demand hotspots, identifying outstanding property types, uncovering key amenities, pricing strategies, and conducting a financial case study, we gain valuable insights into expected returns for properties available in the for-sale market.Ideally, investors would conduct a similar analysis for every demand hotspot within their city of interest, evaluating both the short-term rental and for-sale markets before assessing expected returns.Legal disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial, investment, or legal advice; individuals should consult with a qualified professional before making any investment decisions.Did you find any value in this article?

with an 1880s wood building (age of many 2 flat buildings) it’s not if you have rotted wood but where. for me it was a constant battle caulking/replacing windows spraying insulation to keep cold air out and conducting yearly termite inspections. you might still have some of these issues with brick buildings but you have more time (fix it this year as a opposed to right now) @Mark Ainley curious if you have any other anecdotal reasons why brick is better than wood- i know i’ve heard this come up on the podcast numerous times

As part of the process, the appraiser will typically visit the property to conduct a survey as well as visit comps in the area.3) Retrieve the appraisal report.

I will continue conducting my research but I hope this helps in the mean time!

REmember, the licensure course doesn't tell you anyhting about being an agent, how to get leads (thats pure sales), how to conduct a transaction, how to save the deal, etc. 

Also, it's important to conduct thorough dilligence on anyone you intend on entering a partnership with.

While the short-term vacation rental unit is rented, a local contact person needs to be available 24 hours per day, seven days per week, to respond within 45 minutes to complaints regarding the condition, operation, or conduct of occupants of the short-term vacation rental unit or their guests. 

Before deciding, conduct market research, consult with a real estate professional, and weigh your priorities, considering your need for immediate capital, risk tolerance, and long-term goals.