I’m concerned that $60K ($50K after penalties) won’t get me far in starting a short term rental though… I’m also hesitant to do a cash out refinance on my home loan because we have a great interest rate at 2.625%.

Let say on month 6 the FMV is 500k and then month 7 the FMV is 600k.

Hi Vincent,A fair finder’s fee or "kickback" for an off-market deal typically ranges between 1-3% of the purchase price, depending on the complexity and value of the deal.

Landlords can also evict tenants for illegal activity with a seven-day notice.

The amount of cash flow on a home will of course be contingent on the down payment.

@Andrew Steffens hit it on the head, in my opinion.

While you may have a 2Br that is not for the "typical" sized family, you will have many people also looking to downsize from their larger homes that they are holding on until the summer to list. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

This ticket also comes with one of the workshops on Sunday.

I do a lot of business on the nearby barrier islands of Anna Maria and Longboat Key.