I lost my premier host standing because I had to initiate a cancellation and despite having all of the communication in writing VRBO wouldn't credit it.

In its best year, 2023 it cash flowed $3,000 a month before increase in property tax and utilities have squandered it down to maybe $1,500. 

Monthly mortgage payments including insurance and tax would be around $475 while the rent would be around double that, leaving me with a monthly cash-flow return of about $500. 

I'm Ola, from Ireland, passionate about real estate investing, I'm particularly passionate about shortlets and vacation homes rentals/management.Outside of real estate, I enjoy buying & selling, investing, reading, writing and walking.Excited to learn and connect with you all!

Does anybody know any courses/programs that they recommend for learning how to find off-market properties?

Leasing Management Program Overview The Leasing Management Program will involve the following activities: • Annual review of all units via the tax assessor database to identify potential "hidden" leasing situations. • Creation and maintenance of a list of all units/owners approved for leasing. • Creation and maintenance of a leasing waiting list for homeowners requesting to lease their units. • Creation and maintenance of a list of tenants' names and contact information. • Inclusion of tenants in the association website with "renter" level access. • Inclusion of tenants in the violation system, including sending notices to them when needed. • Regular monitoring of approved leases to ensure proper actions are taken at the leasing expiration and renewal dates. • Preparation of quarterly reports for the Board of Directors outlining the current status of the leasing program. • Coordination with the Association attorney as needed for enforcement of the leasing provisions. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

After taxes I netted about 40,000 after about a year of work and management. 

Yes, it would be good if the seller communicated any issues earlier because then they could be handled/negotiated earlier if needed, but for the buyer there should be no risk to their EMD at least the way we would typically write a contract in my market. 

I would still check on the availability and pricing of a secondary cleaner in the area though - always want to make sure mom can take a reservation or two off if schedules don't line up for some reason!

Off Market through connections How did you finance this deal?