We have kept a couple of them that are in dynamite east side locations, and we should be excited about going into full on tourist season, but we aren’t.

So do your tenants every bring up the issue that you are charging an extra $50, or do you just say that the extra $50 is averaged out throughout the year with peak/non-peak seasons?

Part of our decision was also based on looking at several other "mediocre" listings that were booked up during a peak season launch. 

.- With the higher appraisal due to improvements made, we plan to cash out refi after the 6-12 month seasoning, to pay off the first and land better terms to keep long term.Here's my Question: Because there wasn't many comps, if not any at all,  would the appraisal be based on the income the property is making at this point?

That’s why it’s so important season or new investor to do a some leg work with vetting the people we do business with.

That had never happened to me before, and there are lots of ambiguities on what to do with the stuff they leave behind, so I made sure to add a line about what will happen to the stuff they leave behind, how long I'll hold it for, etc.The biggest thing I think I've added (and not necessarily from a bad experience), is about my tenants having to evacuate during a mandatory evacuation during hurricane season.

Again, work with a seasoned and active investor before jumping into your next deal...it'll save you both money and frustration.

There have been plenty of people that have seasonal jobs or commission based income that have been able to get a mortgage.

For additional context, I have not made a real estate investment prior, but do have capital sat aside to do so - which is why I wanted to reach out to seasoned investors to receive input on whether you believe it may be better to hold onto the capital to ultimately deploy into an investment and/or look for a local mentor who might be more hands on and may sponsor as well? 

We haven’t been able to identify any issue that’s causing it, it’s just a seasonal occurrence in the area.