Market value was $2300 , I gave them $100 discount and waived the pet fee, but I made them responsible for snow removal/lawn care.

You’ll find a portfolio lender that can do more than traditional lenders and FHA.There are options like 5-10% down but you’ll be 1 point higher.

If you have 10 year old Victorian properties in snow/tornado zone the sky’s the limit. 

Not because of the grass, really, but because you have to do THE SAME THING in the winters, monitoring for dangerous snow and ice on walkways and stairs that hasn't been taken care of.This property manager sounds like s/he's never even thought this sort of thing.Now here's something else: I've received multiple warning from multiple municipalities in my time doing this.

I own a 1/1 beach condo in StPete Fl that I rent seasonally to snow birds January-April, and rent intermittently on AirBnB during the summer season to best fill in the gaps while I'm travelling or offshore.

I would hope to utilize this to generate some capital to move into more traditional buy and hold rentals.Does anyone have any experience with this strategy?

I could have received traditional bank financing but decided the terms offered were good even though a bank would have offered a lower interest rate.

I finally got my parents on deck to support my real estate journey rather then the traditional college route.

I offered owners the traditional percentage of gross revenue (30%) AND what we referred to as a “guaranteed contact” which is what you are referring to.

A lot of the houses I see won't cash flow if you do traditional and so it seems to me the only way I would be able to do this is by renting by the room.Thanks in advance