Even on a tiny loan bank rates should be in the 5's.Generally there are no points.

If you're sending out a big quantity of offers, you could find yourself with more accepted offers than you can afford to buy.There's also a remote possibility that you could be sued for fraud in the inducement for entering into a contract that you don't have both the intent and ability to close. 

The ARV is only around $30K because of the size (512 sq ft-- yes, it's tiny!).   

This is a great follow up read to my thread found here for anyone looking to get into this business:  http://beta.biggerpockets.com/forums/93/topics/583...One other factor I would want to add and include here is building a quality (not quantity) buyers list.

@Joe Splitrock So from your experience(and I know your not an accountant) I should send them 1099 even if I don't have there SSN or Tin? I

The way I am seeing maximize cash flow is a cheap vacant lot improve it landscape it and put on tiny homes!

@Mike Petrosinelli Yes I did notice the kitchen was very tiny but I believe the entire house was only 611 sq ft.

A great source to find property owners by area (and by quantity owned) is to use the online source: findcashbuyersnow.comThere is a subscription fee but Kent Clothier is known very well known in the industry and this tool has been well vetted by providers across the country.

ESPECIALLY because of how tiny the job size.

Someone built a tiny house and is renting it out on Airbnb.I can't seem to find anything online that gives examples of agreements that people who "arbitrage" properties that are not theirs on Airbnb.Can anyone forward me some examples of profit-sharing.