His rehab costs were less than what I Typically pay to paint the interior of one of my rehabs.  

As long as it is in your house rules and you have evidence of them staying later, Airbnb will pay you out.

Some folks will argue properties are typically taxed less than their fair market value, and that may be true, but it's the amount of annual taxes your pay (regardless of actual value or assessment) that will affect your bottom line.Additionally, until the recent market correction both property values and rents have increased at a rapid rate.

She said she was doing good as a wholesaler, knew what she was doing, had trusted buyers she worked with.

This deal was intriguing because it was rent ready as-is, but I knew that when we could afford it, the rehab would really pay off.

Friends and family is where I started looking for private money, as there was already a trust factor there.

I only know about the times where this was found out prior to closing, obviously I have no way to know about the times this shady behavior wasn't found out.Since you get a vote in who this tenant is, and it's retail, PSA that commercial lenders (especially the ones offering the best terms...) are starting to vet deals by how 'recession proof' the tenants are, even if they are currently paying on time.

She normally pays rent on time except for the last couple of months when she paid a few days late with late fees.  

Best advice with contractors is always warranty, insurance, pay with card(if theres a 3% fee so what) and no large deposits.

I used to pay a site visit to every property of which we were considering lending or purchasing an existing note.