It's set up to be accessible and appealing to your audience.

That means that bank has its own set or rules/guidlines and can offer exceptions and offer more programs. 

There needs to be someone similar to Always Marco on Youtube with the MLMs where you have someone exposing gurus who sell ******** courses.If you want to legitimately learn wholesaling, stop wasting money on ******** courses, and pay for such things as hiring an attorney to properly set up contracts, hire people to do inspections and appraisals, and hire CPAs to make sure that your business operates properly.

My understanding is in Jersey, the owner has a set period of time where they can force the property to go to auction.

What factors should I consider when setting rent per room?

Offering 50% of the cleaning fee for cancellations within 48 hours seems like a fair middle ground.You might want to set up a clear policy with her going forward so everyone’s on the same page for situations like this.

IF you decide to move forward in Memphis, recommend buying the first one turnkey to get you going.You'll learn a lot about rentals and the market with the first one.THEN, if you like results you can look for agents & PMCs to help you buy more and save the 20-30% markup you mentioned.Recommend you also read below info to set your expectations correctly:_________________________________________________________________________We think the Midwest is a GREAT place for OOS investors to consider!

If you buy in a prime location with desirable amenities, you’re setting yourself up for steady income and long-term growth.

All of these spots are awesome locations to buy and set up as an STR (short term rental) use VRBO/AirBNB to triple your monthly NOI.If you need ay advice or want to talk REI or which locations are best feel free to reach out! 

We'll most likely be set up to the right upon walking in.