To get my cleaners to understand what I'm looking for, besides just the tasks themselves, I explain that I don't approach the biz like a cabin owner trying to maximize revenue; that WE (the cleaner included) are in the hospitality business with the mission of creating a great guest experience that exceeds their expectations.

The origins of one year really come from three revenue case rulings where the judges issued their rulings by stating a time period that was appropriate (but as you know it would have been only strictly applicable for that case). 

It seems like a great primer to some of the key aspects of development and 6 weeks is enough to cover a lot of ground, but short enough that it won't take away from other areas of your life.Real Estate Development Principles and Process REDV-0020Real Estate Development Pro Forma Analysis REDV-0030Real Estate Development Construction Loan Finance REDV-0040Real Estate Development Construction Essentials REDV-0050

You then "assign" (essentially sell) your contract to another investor. 

Essentially the city or county is selling you the right to become the tax collector.

Buying in an HOA neighborhood essentially means you are becoming business partners with your neighbors, which can be great or horrible. 

The property is affordable and I can fix it up to add equity and increase revenue.

No valid social security number I Deny.An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service.

I'm guessing the loan is based on income revenue of the property versus personal credit and cash on hand?

Here are some details:Purchase Price - $885,000Down payment - $177,000 (split by four partners)Initial reserves - $23,000 (each partner brought $50K to the deal) Principal & Interest - $4,500/monthTaxes & Insurance - $2,200/month2020 gross bookings - $86,0002021 gross bookings to date, including ROY - $91,000We have never had a cash-call and now we have built up our reserve to the point that we can really invest in updating the property, or we could take the house off the market and use it ourselves and just absorb the revenue hit.