@Pedro Padierna the price needs to reflect the property and the neighborhood.

@Don KonipolYour statement reflects the bravado of youth and the knowledge that comes with experience (age).

Otherwise, your market should reflect the risk and stagering your leases will reduce larger vacancy rates at one time. 20% of the portfolio debt service should be allocated as a minimum.Rehabing, reserves are really on a case by case basis at the time and I don't see you actually participating in such matters, but to the extent as a financing conduit, so refer back to the 80% refi thoughts.I might be rambling now.....but reserves should be assessed to the risk assumed less amounts that can be transferred, to an insurance company or to other investors of by selling of refing the deal.Each aspect or portfolio represents a risk where reserves should be set.

I was, clumsily, trying to say that I value your posts in general but not on this subject and my disagreement with you on this subject is not a reflection of my general view of you or your posts.Regarding running multiple businesses, I think you have to take my sentence in the context of this thread and everything else I have said in this and the other thread.

We have modified our website to reflect our company address and phone number.

"You claim the NOI is $50,910 (which needs to be THOROUGHLY verified based on ACTUAL numbers today)"I agree with this.I have seen investors go so far as to source the deposits into the account for the apartment complex.I have seen a seller use their HELOC for a house to subsidize rent payments on their apartment building.The buyer looked at deposits and thought the tenants were fully paying only to find out they were half paying after purchasing and had side agreements with the seller.My point is some sellers will do anything legal or not to unload a property they don't want for whatever reason.I look at everything with a microscope.If the seller pushes back and can't verify or give you what you want they are hiding something.That's fine you just can't pay them on what you can't 100% validate to be true and accurate and your offer will reflect those circumstances.If the property has been sitting for 6 months likely it is hiding some secrets or the seller has gotten to the point where they are ready to sell at a realistic price.

This may reflect the pessimism of hard-won experience.

Population growth is far slower, the economy is far less diverse, and prices reflect that.

But thank you for the tip, I've now updated my rules to reflect this.Definitely the right choice to tighten your requirements for instant booking.  

This has inspired me to add an auto-reply in my prop mgmt software to say the price reflects all discounts.