I bet there are tons of homes with no hazard insurance policies and are one fire away from being the next vacant and boarded up home on your block, something you have no control over.

Your best bet is as @Omar Ruiz suggested, ask for a repair credit.

@Hiro KitagawaHiro: Your best bet is to google the City name and "Airbnb legislation."

(when setting limits never specify adults or children as any differentiation can be considered discrimination). you best bet right now is to write down your rental criteria for this property, and assuming you don't want to rent to 8 people, write down that your limit is any number under 7. that way when you deny, you have written proof of your criteria.

Starting with a phone call instead of a web form, for instance. 3.

The officials I talked to at the meeting didn't think those were sure bets to change and even if they did want to change them, it would be more than a year away.

No one can predict when there will another crash because if they could they would bet everything they have on it.

Best bet is if you can get it for the 40-50k range, with the ARV truly being 120k, then repair it up and refinance into a conventional, not FHA, loan after 6 months to pay off the private lender.

Your best bet to enter this space is to JV with someone who has the experience and learn as you go. 

I'll bet that if you push the lower walls, down near the shower pan, you'll feel more than a bit of give in the whole wall.The will keep coming back.