I also don't want to keep taking financial hits bc they can't pay student loans.So what I'm thinking about is getting them to put up $1000-1500 in additional earnest money to give a guarantee that they close.

It's a profession that we do all that work and countless hours and have no guarantee if we will get paid.

My income is based off the sales I generate so it’s not guaranteed.

I'm on the fence about spending the money because there's no guarantee I'll get market rent after the fact.

* What is your Guarantee?

yes I have thought about the STR, but it is quite the leap of faith to spend all of the money upfront with all of the required furnishings with no guarantees of bookings and then also I don't know if I would be able to devote the required amount of time that is needed for that.

@Brandi Sharrer  We own 4 SFHs in Wichita Falls, and I can guarantee you that it's the base that's the factor in the occupancy rate.

When you do that then you get security in your investment because the properties have often been rehabbed to address potentially large capital expenses, you have the right to be picky and choose an investment that meets your goals, you achieve passive income as they should manage the property, and a great company will stand behind their "numbers" and guarantee the rent and maintenance for 1-2 years.

If you are dealing with an addition built on 12" beams (or if the original foundation is old and not built to current standards), the repair company might not be able to push the piers down to refusal depth or psi due to the beam not taking the load, thus leveling it, but not guaranteeing it will not continue to move in the future, thus not providing warranty.9.

Otherwise, stick with insured cd's or guaranteed annuities offered by insurance companies.