Current Rent: 1100 one side month-to-month - market at 1400 - 1600 (agent tip)Offered: 360k + closing creditsDown payment: 3.5%Vacancy, CapExp and repairs estimation: 5%Rehab Costs/ ARV: Pending inspection and appraisal, but right off the bat, both kitchens and one set of floors, small items need updating.

You have to wait longer to be stabilized and if cycle shift happens you can go from making good money to neutral or a loss.

Keep in mind, banks are not ignorant or desperate, they’ll be looking to get as close to market value as possible, to limit their losses.

If your primary is unavailable it would be wise to have your backup step in and already have the arrangement ironed out.Our cleaner's husband is a cabin contractor, handyman etc. and has been a big help in dealing with deferred maintenance items found on the inspection... and the pair of them as our boots on the ground means we can ship items larger and more complex than normal and have them placed.. think furniture, electronic equipment, etc. rather than only being able to ship cleaning supplies and linens.   

Does that mean I have to request fixes and items from the inspection to be addressed in those 10 days?

I offer to call the loss mitigation dept on her behalf to get the payoff via phone and crickets...so my question is....is she stalling?

It is the safest way to protect your personal items.

The silver lining may be that the taxable loss may offset other income but in many scenarios, the offset is limited.

When I’m looking at the cash flow statement, should I calculate vacancy loss for a vacation rental the same way I would for a conventional rental?

I would say I'm concerned about "pre-deal" and "post-deal" items.