Is there anyone that can confirm?

I like reserving for P/M, but foregoing it at the beginning may be a way to bridge you into getting the deal. 

Hi Shaun, Once you confirm that the site can be rezoned to meet your intended uses(s), you need to run a pro forma that reflects the market conditions and realities for the product you plan to create.There is (or should be) great upside potential in each phase of the trip.

You will also need to have cash or credit reserves to start your rehab before you can request a reimbursement period.

Class A properties would be more vulnerable during a downturn, with no ability to add value, and no reserves built up (from renovated units and increased rents prior to a downturn)- picking the right location - in a downturn, those demographics should go a fair ways towards protecting against losses, or at least significant ones.

The reservations through them go away, as the guests have signed rental agreements with them, not you.  

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Here are my numbers ARV - 200kHolding costs - $5400( $900 a month for 6 months)Renovations - $40kPurchase price - $90kClosing costs on the purchase - $5kClosing costs on the sale - $17kI’m just looking for confirmation that I’m doing everything right and that this is a good deal.

@Tiffany Onwudinanti I use the chase sapphire reserve card for all of my purchases.

Even though we're a local PMC, we tell everyone the following:In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.