But I think I would rather be in, increase rents increase value then get back out before any major work needs done.It would cash flow positive as it sits after mortgage, taxes and insurance.

A successful short-sale typically benefits the borrower (homeowner) in the following ways: it can give them more time in the house (and payment-free); it is better than a foreclosure from a credit report perspective and wold allow him to obtain a new purchase loan for a new home in the future more quickly as compared to having it go through foreclosure.I would encourage you both to reach out to a local realtor with short-sale experience and have them facilitate the transaction, it would not cost you or the owner the commission as it would be paid out of the bank's proceeds.No, in a short-sale I would definitely not offer any payments to him directly that are not known and approved by the bank, you can get yourself in hot water and probably legal trouble by doing that on a short sale.

From my experience, most of the homeowners on this list live in these homes.

If I'm using traditional model for 1-3 units and outsourcing management at 10%, after collecting rent (let's say $1,000 per month per unit), mortgage, taxes, insurance, vacancy, maintenance and management, I should be able to cash flow around $300 depending on taxes at 100% occupancy.

I proceeded to give him a notice on Thursday saying this is a warning and is the only and final notice, stating that he didn’t have permission from homeowner to park on the driveway and if it happens again, the vehicle would be towed in vehicle owner’s expenses.

I am a home owner and trying to transition into part time investor. 

Unless you need help with a low down payment, a traditional loan is better than a FHA insured loan. 

Wouldn’t supplemental insurance cover anything else that Airbnb’s insurance doesn’t cover?

@Jason DiClemente$85,000 with 10% down -8,500$76,500 financed at 7% for 20y Tax and insurance = $400 a month $593.10 or 993.10 ish I want a 5 yr ballon loan where you would go to a bank to get a regular loan in 5 years.These are some some of the details.

Norada walked me through initial steps and gave me contacts to reach out to for lending, insurance, and property management.