Getting a good handle on those are hard if you have no experience.Think of it like any other rental but calculate out what your food, linen, housekeeping, front desk, upkeep costs are just like any other expense. 

Work with a knowledgeable independent agent. 

I learned that she was most motivated by selling and moving quickly, so I offered $65,000 less than asking, but with no inspection and no contingencies.

Any other tips or tools that have worked for you when investing and you think I should definitely consider?

Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

Hey Sam,Sounds worth it, 5.125% no points? 

This lowers their guard and helps you get a figure.Your section on the benefits of working with you is strong.

Because when that person does work for you, they will come there to buy the supplies, plumbing, or water heater etc. 

You have no ability to make improvements to increase the value (and benefit as the owner); you can't deduct mortgage interest on your taxes as you don't hold the mortgage; and you can't own it while the value rises over time.

One day, my wife came home from a tough meeting with her manager, tears in her eyes, and said she couldn't take it anymore - she hated her job and didn't want to work anymore.