It would operate similar to a Master Lease but with the potential to be higher as the short-term manager would be basing their offer off of the return they would incur from short term rates.Any feedback is appreciated!

But I am a glutton for punishment, so it only wet my appetite so I kept going onto other deals.To answer Mike's question - I went on to get my Brokers Lic. and took over an existing office as the operations manager, first thing I did was revamp the rental department.

The bank was a small town operation and we had no legitimate experience as rental operators so they were nervous. 

The way to test it is to hold onto any metallic part of the unit whilst it's in operation and touch something else, like the sink, fridge, cooker, etc.

The regs of your state hold the answer regarding how long you have to operate under a brokerage.

You basically are looking for a mismanaged commercial building in offering some kind of relief for the owner operator, usually mom-and-pop, without a property manager.

As an investor, you have the additional expense of flood insurance on top of regular operating expenses.I wouldn't buy a screaming deal in a flood plain or flood prone area - it's not worth the headaches, worry, and exit strategy is much more difficult.

My company teaches Lonnie Dealers how to run a successful and legal operation.

You could be just one of many victims of this operator.

He trained me 10 years ago and got me off to a great start in what is now a robust wholesaling operation.