Unlike a sale involving a mortgage, there is no transfer of the principal from buyer to seller but merely an agreement to repay that sum over time.With only two main players involved, owner financing can be quicker and cheaper than selling a home in the customary way.

No better way to meet the active players in their area and learn from the whole group.

I'd start by narrowing down your search a bit then seeking out an agent who is familiar with the STR regulations, management companies/ local market and it's players, and STR rental demand.

Purchase price: $45,000 Cash invested: $10,000 Bought a condo in a resort.

Also, having a negative slope into the property is a big reason I see water getting into the basement.The one solution that Matt did not mention, which should probably be a last resort is an external or internal french drain.

Ask your agent or google the big players.

This does not work for passive investments like rentals, and must be applied in an active business like real estate construction, flipping, or a services business like a resort, hotel, adult care facility, etc.

I view insurance as truly a last resort for my life and business, and figure the insurer will always be better than me at calculating the risk.

He plans to have experts and I players in the local market come in and answer questions/build connections, etc.I also went to one called Hand On Real estate that was in Annandale, which can be easily found on meetup.com.

In the long game they are irrelevant and can be refinance in 2-3 years when the players in the GOV/FED change hands.