If you truly have a relative that left you a million dollars you probably would not be advertising this on a public forum.However I will “bite” and would advise you to get some estate planning going....

I did some research after that and found out the following: the unit was dated (bad decor), managed and advertised by the owner on VRBO.

That's why they specialize in windows and advertise like mad.

Hello,I got my offer accepted on a residential property, placed the required deposit and I ordered my inspections.The house was advertised on MLS as being equipped with A/C but during the inspection it was revealed the it actually didn’t.The selling agent at first assumed full responsibility for the error and started getting quotes for A/C install to actually turn around and state that he called CAR and had been told that because it’s a material fact and it was disclosed to the buyer during escrow, the seller is not obligated to credit nor install an AC.Can someone here validate what the agent is stating?

Same equal opportunity housing laws apply - cant discriminate based on age, race, disability, religion, family size, etc.. so technically all those ads saying ‘Room for Rent - perfect for college student/ one person/(or other caterings) are ‘illegal’ and can be considered discriminatory..BUT those ads are very common and it’s unlikely anyone would pursue reporting ... nevertheless, you could be opening yourself up for potential legal consequences so I just keep my ads/posts very generic and objective stuff about the room/house, etc.Buttttt, one good thing owner occupied properties, you CAN advertise & select a tenant based on Gender!

Here is a short list of unexpected costs that can reduce CF, or easily eliminate it altogether for years especially if the margins are thin and the property only kicks off a few hundred/mo (all of these are actual issues I've dealt with in the past few years that effected CF):  Annual Backflow Prevention Assembly Tests/Code changes requiring additional backflow prevention devices“Churn”: high vacancy and turnover rate/ tenant drama/ evictions/ turnover expensesBad PMBad tenantsHOA fee increases/special assessments (condo/townhomes especially but also MF/commercial complexes)Trash hauling/property cleanup—ghetto properties are trash magnetsCrimeTheftTenant DeathMileageToolsTenant placement: screening charges, advertising, professional photos, travel, 3D tours, etc.Property tax increase based on sales price you just paidInsurance rate increase based on a claim you made or a high number of claims in the area Trees-- maintaining trees costs more money than many people realizeAnnual Sewer ScopeAttorney feesTravel costsPest Control—We recently had the unexpected pleasure of evicting some bed bugs from a newly acquired 8 unit building.

@Farzan Setayesh, see https://www.sec.gov/fast-answers/answers-rule506ht... for details from SEC.Summary:506b:  The company cannot use general solicitation or advertising to market the securities.The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchasers.

Just advertising that they do.

3) When the property is signed over to the investor and the planned updates to the property are completed, are you able to list the property or advertise to your off market buyers? 

Make sure in the future that when you get someone's deposit that they know they only have 24 hours or so to sign the lease.For now email/text so that you have something in writing if you haven't already done so letting them know they have XX time until you start advertising again to find another applicant.I have a couple section 8 properties and really like the program.