Careful, I hear hurricane season is supposed to be raunchy this year :(

Question #2) What do other smart / seasoned veterans suggest writing in this provisions area?

Many oceanfront homes in OBX are 6 to 22 bedrooms and the price is normally $5k to 25k per week in the summer season.

During that time it is in service, if it is mostly a seasonal rental do I have to rent it out or keep in service for the whole year, or only for the rental season which is typically 3-4 months? 

Being the holiday season, I am guessing money is tight for this young woman so I hestiate to press to much, but the dang car has to go.

since i am a noob i asked my mentor/captin (our REIC club broke us up into groups and assigned each of us with more seasoned investors for guidance and moral support) to accompany me so i wont screw anything up but he could not make it on that particular day. so i went by myself. again i'm a noob but from what i can see everything check out ok especially for the asking price and my gut feeling was to get this thing on contract. but i stalled and said i would like to wait until my "partner" takes a look. long story short the next day i met with my mentor/captin and first off he said i never should have told the guy i planned on wholesaling the property (which i did and i agree) and secondly he said it looks like the house needs a lot of work about 25k worth and to make a offer of 39.9k then said no make it 35k.

Well , unfortunately i've ran into a problem...The appraiser only appraised the value of the home for what i'm paying on it (which means he felt the condition was below par, used ONLY reo comps that reflected the value he felt matched it).Becuase of that , its thrown me out of getting a HELOC due to appraisal seasoning , so i've gotta repair the property out of pocket.Thankfully to get the value i feel (I'm going for $10k on top of the 43k that i'll have into it) and remburse myself for the $3k i'll be spending on it.

Another fabulous mint condition house was FSBO'd this season and priced the exact same price with an agent and has been on the market a long time.

I feel pretty strong that it is the season.

Aside from a nuke the re market will continue to do well or at least ok for those that are seasoned investors.