If the landlord or their employee did the work themselves, they must include a description of the work, how long it took, and the hourly rate they charged.

For example, my bank will sign off on pretty much anything I want to buy with 10 percent down, with a fixed rate at prime, for 5 to 7 years, with a 30 year amortization schedule.

Look at occupancy rates, average daily rates, and competition to understand the potential for success.Property Management: Consider how you'll manage the property remotely.

Quote from @Blake Johnson: It sounds like you have a great cash flowing property with a cap rate of about 16-17%.

I would not recommend them as their points and interest rates are so high it is extremely hard to find a deal that will work with the 0% down.

Another option is to estimate value based on potential income and market cap rates, which can give you an investor’s perspective.

At the end of the day, losing $10k is really not a lot in the grand scheme of real estate investing, and given the seeming high volatility of this market ($275k to $220k, presumably in a matter of months), and the generally high monthly cost of HML, I would get out quickly and think of the loss as the cost of education.At least in my area (Cincinnati, OH) I don't see the market dramatically improving even as we get into the spring buying season, and, honestly, I only see mortgage rates continuing to climb for the foreseeable future, taking more and more buyers out of the market.

The property requires a good/great value add to be a profitable investment (ideally one that can raise rents 50% or more) or interest rates to fall significantly.best wishes

They work well in areas with steady rental demand like suburban neighborhoods or cities with strong job markets​​.Considerations: Your property management needs will be lower, but rents may rise more slowly over time compared to short-term options.Short-Term Rentals: High Risk, High RewardAdvantages: Short-term rentals can generate significantly higher nightly rates, especially in vacation destinations.

Just like the asking price, just because the owner suggests one interest rate or term doesn't mean you can't offer something different.