Hopefully my dive into real estate will be fruitful.

I like most of the politics in my state but we have our nut jobs as well, most but not all are imported. 

Hi JP,I am have been invested in STR's in Scottsdale for 4 years running now and it has been quite fruitful though the population of STR's has exploded.  

Nuts. 

They can't make their monthly nut.

I saw once somewhere like NYC has occupancy based on square feet and it's nuts - like for every 5 square feet you can have a person live in the unit (don't hold me to that number, it's out of thin air), but it meant a crazy number of people could live even in a studio apartment. 

Get a copy of the application form you filled out.download the landlord tenant laws for your state and review the application form for any wording that would apply.In my opinion the landlord is NUTS... no signed lease.. and he can't collect double rent.. for any days the prior tenant was in the unit. although this shouldn't even be part of the action.I'd write him a stiff hard point by point letter and say no harassment or have your lawyer do it. that you want a letter stating the matter is closed no further action will be taken by him and if he does not comply you will file a action with the Fair Housing department.  

Drove me nuts lol. 

I'm not sure why this discussion degraded into a cap rate vs comps fight.I'm going to be as straight as possible and say that anyone trying to do what I'm doing is nuts!  

It didn't work for me or anyone I personally know.And I'm not surprised you sold it, as you indicated in a later post.I think people who buy rentals out of state or area are nuts, and I seriously doubt any of them make any profits.