Hello Prachi,If you message me the address of the property you are looking to acquire I would be happy to perform a market rent analysis for you.

My numbers say all day that this property is worth less than $1.2M as performing.

Kind of like the brain version of going through a sport's motion enough times for it to get stored into subconscious muscle memory.

Deborah Cavallaro I don't think those developers that you are talking about does have their "own" crew, and if they do, to tell you the truth, unless they are owner builder or have a GC license, it is not really legal, you can sell all the 1099s you want but you still have to have a GC license to perform construction.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I would reach out to a local property management company and have them put together an ROI calc on how the property could perform, this should be easy for them to do for you (then you can analyze and decide if you truly want to go STR route or sell).  

However, buyer threatened to sue due to non-performance.

Our first ski season, in 2021-2022, rentals and sales reached their highest levels, out performing all previous years.

Our first ski season, in 2021-2022, rentals and sales reached their highest levels, out performing all previous years.

Hi @Vidal Gonzales I'm a lender and want to let you know there are no special tricks, but there are methods to get an understanding of your purchasing power and a roadmap to achieving your goals.There are 2 ways to buy single family and multifamily homes (<4 units) when working with a lender: Income based and asset performance based.Income Based Loans: These are your typical, vanilla, regular loans that you know about from talking with your family, your friends, and many investors you hear about on BP.