I know, I'd have to be really carful with an off season tenant as to not mess up my peak season income. 

Month-over-month sales has decreased in all areas with the expected seasonal slowdown.2) Prices have increased throughout the region year-over-year with DC showing particularly large gains.3) The entire region has seen days on market shorten year-over-year.4) There are significantly more homes for sale in all areas as compared to this time last year.November 2015 statisticsMD suburbs of DC- Volume = Total Sales are down 7.4% Month-over-Month (MoM) and up 16.8% Year-over-Year (YoY)- Price = Median price is up 3% and average is up 3.9% YoY- Time = Median days on market is 27 days (vs 29 days in November 2014)- New Listings = New listings are up 8.6% YoYWashington, DC- Volume = Total Sales are flat MoM and up 26.5% YoY- Price = Median price is up 9.1% and average price is up 9.8% YoY- Time = Median days on market is 13 days (vs 15 days in November 2014)- New Listings = New listings are up 4.5% YoYNoVA- Volume = Total Sales are down 18.7% MoM and up 5% YoY- Price = Median price is up 1.7% and average price is up 1.8% YoY- Time = Median days on market is 37 days (vs 40 days in November 2014)- New Listings = New listings are up 7.4% YoYBaltimore Metro- Volume = Total Sales are down 22% MoM and up 10.8% YoY- Price = Median price is flat but average price is up 0.7% YoY- Time = Median days on market is 48 days (vs 54 days in November 2014)- New Listings = New listings are up 8.8% YoYAlways remember the Mark Twain quote..."

Seasoned veterans shouldn't 2X their rehab budget. 

As a seasoned business person, I would see this and know I can challenge (the legitimacy) of his business based on law of form and substance.

You are entering the holiday season  if  you want January 1 it is not too soon to advertise.

I was just curious since I have no experience with late fall/winter rental season and wanted to get everyone's thoughts.

I understand the note would be discounted but without seasoning I'm curious of the amount because of new construction.

Thanks I think it’s CPA time this tax season, it’s getting more complex then I can manage myself. 

I protect myself by upping my damage deposit in the off season and I have pretty firm rules about disturbances and taking care of the place.  

If it were me, I would get into a solid fund with a seasoned syndicator  that can get me a great ROI, appreciation and start learning about RE investing by getting my feet wet carefully.