I am starting to build my little weekly vacation rental empire and was wondering if anyone else here does the weekly vacation rentals and how you market them and what your overall vacancy rate is...Im testing the waters by doing a favor for an out of state client while my properties are getting rehabbed.

So it is very much a psychological thing, thus the importance of “consumer confidence.†It simple terms, an economy is nothing more than money in motion.

And the chances to actually close are more favorable when the property price is $25K instead of $205K!!!

Do the numbers add up favorably for a wise investor?

I remember in a realtor training course or one of my many investment courses, this problem was discussed.You may have some rights that work in your favor.

Now is not a favorable time for (new) investors to make assumptions or mistakes.

The numbers are close with the back tax numbers, but why pay the full amount, we're doing them a favor, we'll fix it up now and get it on the tax rolls now, vice them having to wait a few more years and let things deteriorate more in the mean time, public complaints pile up, and end up with no more cash to show for it.

They would be doing the bank a favor by bringing an all cash buyer to the table with a quick close before wasting more time.

You definitely do not want to give any other impression than that you will solve his problem by moving the property promptly.Trying to write up a contract that does not tie up the property is a bad idea because:A.) your buyer can go around you and just cut you out of the deal, very easilyB.) your seller is likely to come back to you a week later and say "well joe moron down the street just offered me 5k more than your offer"C.) you may waste a lot of time and effort if you go through all the motions only to find that he found another buyeranyways, I am not trying to be overly negative just giving you some food for thought. good luck!

I write my own contract and slant the terms in my favor whether I am a buyer or seller.