It's true that the well known vacation rental communities (Championsgate, Windsor at Westside, et al) have higher HOAs but they also have extensive amenities which will drive higher rates for a well-themed and decorated home.

This property is in very rough condition - the foundation issues are way too extensive for me to get involved with, so i passed on it of course and will keep looking.

Myself and our project coordinator (who has an extensive background in PM maintenance and rehabs) are the ones who go in for estimation.

Although the loan has matured, unless you didn't complete the renovation, or if there is some other missing piece of information, most lenders are wide open when it comes to extension, FYI there is likely a fee for such extension. 

If you don't have extensive knowledge of fair housing and the landlord tenant laws, you should leave the screening to the professional IMO. 

If the closing date approaches and the Lender needs more time, an extension is all that’s needed.

Last year I did a pretty extensive JADU and kitchen remodel through the city, w/ permits and without a GC - in CA.

There are also large investment clubs (with forums) that perform extensive diligence on opportunities.

If the seller agrees to the extension, all that is signed is a Change in Terms Addendum to the Agreement of Sale which states that closing on x date is now extended to x date.

Purchase price: $74,900 Cash invested: $25,000 I've been looking to invest in Ohio and/or surrounding states and have been reviewing properties extensively in these areas.