It also concerns me that the majority of your STR market is golfers, I am looking for something that has the potential for year round rental potential.

However on a general basis you can look into your state's statues concerning rent collection, and in which cases you can give them a shorter notice to vacate.

I recommend the apartment building investing with Michael Blank podcast for multifamily, and Mobile home park investors with Jefferson Lilly for mobile home parks.

I am hoping to get some feedback from BP concerning the housing supply near OU, and in general for Norman.

I’m the Rookie ready to Take Action, I’ve been hearing a lot lately “the light went off that, selling real estate was the way to make money and I never looked back” I’m Chuck, I currently work at in Wireless Mobility and I’m a current military member.

(I don't mind sharing it - I won't get it anyway - so if it is truly a deal and a BP member can get it, all the better)Details (read the Zillow description - the listing details are wrong): Address: 6610 52nd Avenue Ct W, Graham, WA 983384 mobile homes for $156,000Each home is a 4bd/2ba with laundryCurrent tenants pay $1700 average rent per homeSpace rent is $700 per lotThe numbers (per month for all 4 homes):Total gross rent: 4*1700 = 6800Total lot rent: 4*700 = 2800PITI: 860 (this is for the full $156,000, i.e. all 4 homes)Vacancy - 15%: 1020Property management - 10%: 680Maintenance - 10%: 680CapEx - 5%: 340W/S/G (this is a wild guess - I have no clue): 4*50 = 200Total expenses: 6580Total cashflow: 220I feel like I've been quite pessimistic with the estimations (e.g., 15% vacancy), and it still produces a positive cashflow.

There were four areas of concern that I noted during the walkthrough:1) A $600 kitchen ceiling fan -- the centerpiece of the kitchen decor -- had been replaced by a cheesy $40 bathroom fixture.

I would recommend getting someone to set all that up for you and based on my wife's company that does similar things, it should cost you 700-1000 at the most to set all that up with your url and hosting, design, mobile version, seo and updating.

My main concern would be living in such close quarters if the people renting the rooms turned out to be dead beats.

Currently I have been talking to several hard money lenders for money for home and Reno, and I’m concerned about what is a great offer to accept.