It does cover the cost of cleaning for a typical 3-month lease, but guests who renew their leases and stay longer often have excessively time consuming turnovers.

Hello Derek, If you have some experience with fix and flips as an investor and a good credit score I think you can find a better rate but 12.5% isn't excessive since it's your first time.

@Erin Dorsey Robinson Secure a 6 figure income, live in the cheapest apartment you can find, eat beans and tuna, spend no money on anything other than essentials, then funnel all your excess cash flow into buy and hold real estate.

If the assessed owner or heirs redeem, you might get only taxes plus interest, and lose the excess over that paid to the wholesaler.2.

The most common complaints I saw were excessive fees, and then it being nearly impossible to reach someone on the phone to discuss said fees.

Most excess or errors and ommissions insurances typically don't handle the spattering of cases in the million dollar range.

If you are truly in Las Vegas (not north Las Vegas)  I think you’ll be denied a permit and fined excessively if you try to do STR.

The excess cash flow from the remaining units self fund the renovations.  

@Joe Splitrock while 5 pages sounds a bit excessive (perhaps he is an attorney), having my guests sign my rental contract/agreement, lease agreement or whatever you want to call it, is par for the course.   

Unless you’re just parking excess money.If you plan to do value add then it’s a great investment.   1.