The seller is prepared to offer 20% vendor take back.

It's also a good idea to be prepared to negotiate and be willing to compromise to reach a mutually beneficial agreement.As a new investor in the short-term rental market, it's important to do your due diligence and carefully consider all of the potential risks and rewards of any investment opportunity.

We needed to furnish the shared spaces, and prepare the bedrooms with curtains, but otherwise didn't have to put in as many projects as before.

Do not take on a project like this on a shoestring budget...you need to be prepared for anything and everything.

I am in California, just start my wholesale, I have purchase agreement and assigned agreement prepared by the attorney from Arizona. 

definitely should at least be prepared for a large cap expense related to the sewer lines.  

@Pat Rach if I were your age, I'd be doing everything possible to prepare for my first house hack (e.g.; saving money for a down payment, analyzing potential house hack properties, talking to mortgage brokers to understand what you need to do to qualify for a mortgage, studying up on house hacking strategies, etc., etc.), and then, as soon as I was old enough to qualify for a mortgage (and had the money), I'd house hack a property every 12 months until I hit my limit of owner-occupant mortgages (usually 10).In my opinion, house hacking a single fam or small multifam property is the single best way for people to get started in real estate investing--especially for a young adult.Why?

(My PM uses Rent Manager software, in case that is relevant.)Last year I manually input all the income plus every individual expense into an Excel spreadsheet, which I then sent to my CPA to prepare my tax returns.

We needed to furnish the shared spaces, and prepare the bedrooms with curtains, but otherwise didn't have to put in as many projects as before.

Also, if you don't plan for the top and the market softens you will already be better prepared for the resale.2.