My agreement with my PM is silent on the topic of late fees, covered by this generic clause: b.Operate the property according to good business practices pursuant to a general overall plan as established from time to time by Manager and OwnerI normally e-mail my PM asking what their policy is and go from there.I've had to focus on the really big things and let the minor irritations slide.  

Matt Faix I think those folks are typically a little more sophisticated that to fall for every silly think that comes in the mail.

I think the biggest issue is having the laws change and being to big and bulky to pivot to another business plan.Unless you are in a market with a very long history of vacation rentals (many coastal cities) I would recommend having a quickly implemented 'option B' to fall back to in case your business gets regulated away by new laws.

What good is going to a credit union to shave an eighth of a point of your rate if the transaction has a 20% of falling apart.I actually turn down working with potential clients if they are insistent on using a bad lender such as Quicken, or a credit union with a bad reputation etc.

However I found some one who is willing to be a silent partner and give me some money.

If it falls into C class, you might be looking at a 8-9% cap rate.

Looking to connect with other people in Glens Falls who have been successful in real estate investing in this area!

From what I see in listings you might be able to find that in Fall River.

But that is a huge step, and I could risk a lot of money, especially at a young age without much to fall back on.

After all, whatever comes up in that inspection will come up in subsequent inspections should your deal fall through.