In this case, a number like 3% is what the contract states, you *are* ultimately responsible for it, but won't have to worry about paying it so long as the listing offers a sufficient commission to cover it.

If you delivered the property with clean carpets and sufficient ventilation in the bathrooms, I don't see how you could possibly fault yourself.

If you can find comparables which have also been recently renovated and the appraisal did not include comparables which were recently renovated then you can make the case that the appraiser did not use the best comparables available and did not give sufficient consideration to the condition which is a significant factor which has an impact on value.   

Las Vegas uses less than their allotted quantity from Lake Mead and have created systems to manage the water we do have. 

To sum it up again, and for the last time, because a word to the wise should have been sufficient, and we are well past it by now- I find it very hard to believe that of all the investors that own assets in REI, 98% or even 90% end up losing money, and I'd like to see statistics, rather than someones anecdotal impression. 

Luckily I have been at this w2 for 10+ years so that probably helped.If my DTI would have been sufficient without the Tijuana condo in there I would not have listed it.  

Be aware, if you were thinking of using an FHA loan, you'd need to look into self-sufficiency requirements.

Also, if you've already racked up 100 five-star reviews, your approach may be different than if you're just starting out where you may be prioritizing quantity of bookings over getting the highest rates (at least until you get more reviews). 

Thirdly, make sure you have sufficient reserves once you have completed the deal.I agree with previous posters.

But its up the individual no matter who they are to have sufficient income and credit.. this goes back to the financial literacy ..