That is handyman, local plumber or DIY work.  

Then there was a 180 degree turn in the building industry and DIY projects.

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Hey Wave,The simple answer is no.

This stuff really is so simple.

@Joshua Zdunich it’s fairly simple, You’ll want to find a DSCR(debt service income ratio) loan.

Not every city is favorable to Airbnb and you have to do that research upfront before you waste time and money.Beyond that, success in Airbnb isn’t as simple as buying a house, listing it, and collecting cash flow.

There are a number of MFR buildings in ML - my suggestion is you call pretending to be a possible renter and ask some simple questions such as average tenant age, amenities, etc. to get a feel for your competition. - I have already found some properties by scraping the city real estate records and collecting properties with unpaid taxes.

For that matter, why would the investor want to put in so much to give you 50% equity when you are doing just what a property manager would do for 10% and change.The terms of the loan aren't awful--not sure if there is a balloon--but unless your credit (or investors credit) is in the toilet you can do better on a simple commercial loan, and you are almost certain to have a lesser down payment.

Hi Duncan, Yes you can negotiate during the due diligence stage and you can try to negotiate at any point in the sale process until close.If you end up not being able to move forward during your due diligence, your earnest money deposit should actually be fully refunded to you, provided you put in the contract that your offer is contingent on your ability to do your due diligence.There were several deals I worked on where additional repairs were found during our due diligence that necessitated negotiation.What we did was thoroughly explain to the seller the impact of the additional expense and then offer them the options of moving forward at a lower purchase price, or working out terms at the same price (owner financing/sub2/something else), or cancelling the agreement.Usually, the seller would choose to move forward at a lower purchase price but we definitely had parties choose to cancel or finance too.If they chose to move forward at a lower purchase price, we'd write up a simple 1-sentence addendum to the original contract stating the new purchase price and have both parties sign.You may want to include a deadline in writing of when the seller must respond by before you move forward with cancellation so you don't lose your EMD.