You need to think about your investment in terms of ROI (Return on investment).  

The reasoning is very simple. 100% of all townhomes can be financed with FHA/VA financing.

It rents well and the regulations are friendly. the only problem is, most of the townhomes have CC&Rs which prohibit short term rentals. 

Both of which treated us and our guests as promised, and in-keeping with the same policies we held with Evolve. 8)Both VRBO and Airbnb have always held quality of experience and safety FIRST, however Evolve "pimpish" practices are simple out for the quick and easy buck despite putting owners, their properties and, respectful guests at risk.9) With Evolve all you get is shoddy, wide net marketing without any vetting.

I'm having a weird feeling due to the ease, the really good terms and the fact they aren't putting liens on the properties.

Conversely, rental property activities reported on Schedule E of your 1040 tax return do not present the same way.Third, all rental activities, including short-term rental (STR) activities, within a partnership tax return are reported on Form 8825.

Brendan,In banking terms you might be "Risked out" meaning too many mortgages which equal "Excessive Tradelines" and those two things equal high risk.

It seems like a great deal in the long term, but will be very difficult/expensive to make it cash flow for the first couple of years.  

Fix&flip model of REI is not simple as it is in paper by numbers especially if you are getting into the space.

I'm not exactly sure how the other BP members assess their percentages, but I'm talking about straight offer price to list price w/ no accounting for any additional financial terms.