GREAT IDEA (Sarcasm)As Gabe pointed out, with some saving discipline that positive cash flow can provide down payment when we get a softer market.

Providence maybe?

In essence, the best advice I can provide is know, understand .and respect the community you are serving and will go very far in this business.   

What information is required to support that you stayed in the property the required amount of nights and who do you provide this information to?

Hi Everyone, I am new to the STR game and wanted to ask about Rental Registration & Inspection Ordinance (RRIO) in Seattle, Washington.

an example might be a 3 story brick building that could be replaced with a 3 story frame construction building at a lower building cost but still provide the same function.You should be revising the values based on the way your policy is written above. 

I can see that Lizz has included a leasing fee in the property analysis docs she provided, which I assume reflects the lease only service you mention.

However, it seems to simply attempt to provide the revenue side of the equation. 

Otherwise, you'll regret it.Plus real estate isn't an intrinsic, nor is any physical asset, ball game.

I have been attracted to this area of MI since I started exploring real estate and it seemed to provide an opportunity for us to get in the game with out of state rentals without spending a ton of coin.