Thanks for the shoutout @Tim Emery.Hey @Bo A Vanecko, welcome to the neighborhood. :)First, I would say that you need to remember, just like a traditional rental, you make your money on an STR when you buy.

Originally posted by @Tim Herman:@Jermaine Chad Ingram Your numbers are more conservative than mine.

@Tim Rostro I could see you liking Skagit County, Washington if you like all the outdoor activities, and some cheaper parts when you go more east where there is also more land

@Tim Jacob - Thank you for the insight.

Basically I wanted to know what books and quotes had had the greatest effect on his life to this point and here was his response on 10/8/12:“Alright, Andy, here you go.BooksThe Greatest Salesman in the World by Og MandidoI've read this one twice and it deeply impacted my thinking about success and the basic principles of success; takes 10 months to read as instructedThe 21 Irrefutable Laws of Leadership by John MaxwellI've read this one at least 3 or 4 times; phenomenal leadership teacher; I've read probably a dozen of his books Rich Dad, Poor Dad by Robert KiyosakiDeeply influenced my ideas about money, investments, and business; I've read 4 or 5 of his books and highly recommend playing his Cash Flow Game to beginning investorsThe Richest Man in Babylon by George ClasonA huge influence on my ideas about money managementThe 7 Habits of Highly Effective People by Stephen CoveyPhenomenal book about success in lifeThe Four Hour Work Week by Tim FerrisThis book is insane; a book about the balance of what wealth and lifestyle really means; this is a paradigm changerThe Millionaire Mind by Thomas StanleyExcellent research based book on what a millionaire really looks like; about consumerism and money managementHow To Win Friends and Influence People by Dale CarnegieFoundational book about people skillsThe E-Myth by Michael GerberAn excellent book about business systemsSkill With People by Les GiblinA very short and very practical book about people skillsThe Traveler's Gift by Andy AndrewsA great fiction book about success principlesThink and Grow Rich by Napoleon HillFoundational book about wealth mentalityA couple of biographies that I remember off the top of my head:Sam Walton, Made in America by Sam WaltonTrump, The Art of the Deal by Donald TrumpAnd some biographies that I don't remember the title but their general stories had profound effects on my thinking: Andrew Carnegie, Martin Luther King Jr, Teddy Roosevelt, and Mohandas Gandhi.Quotes - I've referenced ones that I've come back to over and over throughout my life."

Using an inspection to re-negotiate is not a strategy I am in favor of, with the exception of some major hidden item uncovered.Also, Tim's experience is a perfect example of why new investors should Always get inspections.Tim, contact this agent's broker and file a formal complaint.

Hi Tim,Congrats for jumping in and buying some property!

As Tim mentioned you need to compare to properties most like the subject with improvements made.You need to find three properties that are recent sales, as recent as you can your your property to be compared with.

http://www.biggerpockets.com/forums/50/topics/120409-help-me-understand-how-insurance-works-in-a-subject-to-dealThis thread has some articles by Tim Norris (not Aaron) on sub2 insurance.

Originally posted by @Tim Fergus:Working in the business in the Atlanta area, I would have to agree with @Mark Robertson .