The property was more expensive than what we normally buy for cashflow as it hits our bottom range for CoC, as most our deals lean towards the 60% side of thing, but the numbers will work nicely for a solid return to our investors.

We found that we had to be preemptive with the next round of funding, we had to consider outside party inspections on funding.  

You never know where the bottom or top is, so you can't rely on a bubble bursting as an indicator of when to buy.

If any are trapped, they will place another round to see if there are any rats remaining.  

Wait it out and jump in when you think there's a bottom.  

Round these parts, there are counties that take (no joke) months to record a title.

So, don't work towards % cash flow returns as a starting point to analysis...start with an actual minimum dollar amount you need for cash flow and reverse engineer from there to a profile for properties that will deliver that bottom line.I will pay full price, 100% value, if I can get the minimum cash flow (in dollars) I need. 

We are year-round hosts and can get $100-200/night for a three bedroom house (sleeps 8) other parts of the year.

Bad organization, no tone influx in his voice (enthusiasm), missing calls, crumbling under mild pressure, didn't care about his personal development, and bottom line--he was letting serious buyers and renters go left and right.

We just don't have to deal with the bottom of the barrel unless that's what we choose.