I am happy to produce this new recording with Ashley Kehr and Tony Robinson on the Real Estate Rookie podcast!

They have called the police on guests (in the middle of the day, for parking over a sidewalk in the driveway, for noise when guests were playing dominoes by the pool and on and on)…one neighbor yelled obscenities at my guests (in front of children), saying, “We don’t want tourists!” 

The only way I understand this is if the LTV on the appraisal is ~$25k short of what you owe on the loan.

Thanks for the insight on prepackaged contracts.

Planning for a full renovation from the start is a smart move because it gives you a more realistic view of your budget and timeline, and it allows you to aim for the highest ARV without cutting corners.As you move forward with this flip, make sure to track all your renovation costs closely, since it will help you with more accurate estimates on future deals.

How are expenses so high on this property?

There are other tools on the market that will provide you better data and more options.   

@Vishal ChandanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Google LLC announced Aug. 15 plans to invest more than $1 billion in Texas this year, its latest strategic goal focused on supporting cloud and data center infrastructure.Some of that investment will go directly into the technology giant’s data center campuses in Red Oak and Midlothian, both south of Dallas, which are helping the company meet the increasing demand for cloud and artificial intelligence services.

Marcus, you're spot on about the importance of embracing an investor mindset in real estate.