Some of the issues we are running into that are either slowing the deal up or terminating the file completely. 1) Liens/judgements arising during the title search preventing the sale2) One off issues, such as shared driveway issues, shared parcel issues3) Death certificate ordering (slowing down process) 4) Abstract & Survey updating (taking about 3 weeks to complete in our area) 5) Attorney Communication (When our attorneys are not on one side of the deal) These are just some of the issues that we are seeing in our market.

You'll run your numbers based on taxes, insurance, repairs and cap ex once you get rent rolls. 

I will need to run the numbers to see what that looks like. 

I have spares ,  I have 2 refrigerators , 3 washers 1 dryer , a hot water heater and tomorrow I am picking up a 4 year old oil fired boiler for free ( they run about 4 grand ) 

This would quickly return most of my cash to me, which I need in order to complete a fairly extensive renovation prior to moving in.The problem I'm running into with my current lender is the timing. 

I found this very interesting article about Airbnb in Tucson that I thought it would be of interest to investors who are having intention to start their Airbnb business:Original Article Courtesy of Carol Ann Alaimo of tucson.comShort-term vacation rentals a multimillion-dollar industry in TucsonBusiness is booming in the land of sunshine and saguaros for those who rent to tourists through a popular online booking platform.Tucson property owners collectively took in more than $8 million from Airbnb rentals last year and demand continues to soar in the run-up to the city’s annual gem show.About 53,000 visitors stayed at local Airbnb properties in 2017, a 73 percent increase from the year prior when about 30,500 did so, said Laura Rillos, a spokeswoman for the San Francisco-based company.Total rental income for participating Tucson property owners jumped from $5.1 million in 2016 to $8.4 million last year, Rillos said.The short-term rental trend has been good for the local economy because it serves those who otherwise might not come, said Dan Gibson, a spokesman for Visit Tucson, the city’s tourism bureau.That’s especially true during peak periods when local hotels tend to sell out, such as during the gem show or homecoming weekend at the University of Arizona, he said.

I would suggest you contact a lender and find your rates for both avenues, and run your numbers off of that (to include putting a second lien on your rental).

The worst thing that can happen is running out of money.

There are immense differences between successfully building and running a B-class turnkey buy-and-hold rental portfolio out of state and doing the same with a C/D-class high-cash-flow/low-appreciation low-income rental portfolio in your own area.

You do not want someone whom you can only talk to once a year.My wife and I are most probably in the running for the most tightfisted penny-pinchers you have ever met and we have a full-service CPA.