How did you finance this deal?

Quote from @Kenneth Olsen: Is it a good idea or worth it?

This would probably help since the next one I build I could immediately put for sale and do a short term rental while it sells.

@Cory MeliousGiven the clear lease addendum and initialed acknowledgment of the rules, you’re in a strong position to recoup at least part of the repair costs from these tenants.

I have been considering joining AAGLA and know they have lease forms and other forms, but it is $199/yr.In the next couple months, I am looking to get a standard CA NAA lease written up with RUBS for water and sewer billing and a requirement for the tenants to carry their own renters insurance policies with $100K or so (if there are recommendations around this please let me know) liability limits.Does the community here have any advice on how best to do this and where I could get a lease form that does the trick?

Purchase price: $400,000 Cash invested: $200,000 Bought this fixer upper 2 family house with 2 bed 2 bath and converted it to a 4 bedroom 2.5 bathroom with finished basement.

Hope this helps

He has not paid October's rent and I have not heard from him since Mid October.

Between the walls where spirits dwell,I offer choices none can tell.To dwell today and own tomorrow,A future free from spectral sorrow.A chance to claim the haunted keep,What hidden pact do mortals reap?"

Hello Everyone,I’m considering investing in a short-term rental and have been researching areas outside Yosemite National Park.