Certainly run your numbers so that the rental will break even at the very least or produce some cash flow.

@Tj M.I second @Simcha Davidman, his comment is spot on.If it is a stabilized asset 90%+ occupied with a 2 year history of producing a certain NOI, and you wish to hold long term, agency debt is the way to go.If it is a distressed property or heavy lift value add, then a commercial loan may be your only option.You also need to sync your loan choice with your business plan.

Long term, consistent action with a proven strategy produces results.As for myself I have a Bachelors in Chemical Engineering and I stand behind that decision.

* How do you become a top producer in the field?

As long as the numbers are real -- meaning the ARV is based on actually comparable & recent sales, the SOW is sufficient, and the acquisition price is sufficient to produce the returns, it's a deal!   

You can get that from competition on Vrbo and Airbnb. some digging would produce some insight on rates, but not as effective I don't think as previous annualized.

I am wondering if There is a precedence to legally force compensation from seller for expenses thus far (Inspection, agent, time, wire xfer fees etc.) in a deal that is under contract signed by seller requiring seller...

Though, usually the homes aren't actually beautiful; they're just big, "modern" boxes because more square footage will produce a higher sales price.BP is mostly mom-and-pop investors, so I'm not sure you'll get the best input from these forums, but your business model is profitable and executed in LA all the time!

While this may not be my best income producing property in the future, it will ultimately be my best deal as it will be a catalyst for bigger things!

Depending on jurisdiction you have either 15 or 30 days to produce an itemized list of damages and the balance of the deposit.