I highly recommend that you use Redfin in tandem with Zillow to gauge property values as Redfin is a broker with MLS access and they update their property feeds every 15 minutes or so.

You should be doing regular thorough inspections so that you catch issues like water leaks before they do damage.

My plan is to update this as new things happen. 

So as an update, just wanted to let you guys know that I called the lender and negotiated the amount from $41,000.00 down to $15,000.00.

I let them know that this helps us increase our bookings, which in turn helps keep our rental costs down.I'll likely update this to explain the difference from a hotel system again.I don't rate guests.

@Eric Hrlbock curious if you have an update on this property? 

Jeff Phillips comes down to risk.If you take a HELOC and something we’re to happen and you could not pay then you lose your primary residenceIf you get a regular loan and you cannot pay your not paying on that 2nd home and they take that but not your primary residenceCheck with an accountant as well as I believe with the new tax law you cannot deduct a heloc if it is not used to improve your primary residence

Thanks for the update.

My company has built large residential multifamily developments in these areas with title recordings Edwrd to show to you upon your request.In addition to our regular revenues from for sale and selling now projects in open airy suburban areas of high demand as stated above [partially by luck of course - no one knew the pandemic would come ] plus our annual rental portfolio management fees of over 800 rental units we manage and development fees revenue {typically $2 M or $3M per new residential multifamily development project } as major revenue sources we additionally enjoy our real estate asset management fees , and monthly interest on our diversified CMBS residential investment grade bond portfolio.

I myself have included regular videos.