Have a great week!

Hes going to end up going 3 weeks in, pay for the appraisal then the loan is going to get denied towards the end.

Have a great week!

We did not agree to liquidated damages for early termination - given the exclusive nature of the community, the extremely high commission cost, high property costs (taxes, HOA, etc) and the fact that it can take anywhere from 3 weeks to multiple months to rent it out (at high carrying costs) - we depend on stable multi year tenancy for the numbers to work out.It’s critical that when the tenants renew, they stay for another full year.

I plan to head down there in a week or two.

The investors turned out to be flippers that had a for sale sign outside place  the week after the closing.The market crash came, looked at property values the summer of 2007, and the property was listed as $630 to $675K.

He used to remodel during the week and preach on Sunday. 

That, in a nutshell, is what you are allowing someone to do.You could let them do it for 12 months, learn from them, then convert your other properties into STRs.  6 years ago I got lucky and was able to charge $840/week for a furnished 2 bedroom house that normally brought in $350/month as a LTR. 

I would be happy to help you however I can while you are in town next week.

I'm in the middle of a flip due to be done with construction in a little over a week.