Hi BP,I am interested in buying a Short Sale home my first investment property, that being said what are some of the key things to look for in getting into a short sale deal.

I quickly learned the value of the answer "I do not know the answer to that, but I can get it to you shortly".  

Airbnb in the high season, short term corporate rentals in the low season. 

Rents can be increased probably 100-125 per unit.This is acceptable to me.However, buyers refuse to show any proof of income and DD period is over tomorrow.

I know I likely wont see a whole lot of appreciation (if any) on properties in these areas but part of me feels like there is some real potential to make some money over a 10-15 year holding period, especially if I can knock $10-15k off the asking price.

I've found that when my team and I work like we have 9 to 5's we get way more done in such a short time.

I don't think AirBnb would work since I won't be there to oversee, and there's too much risk of long periods of vacancy.

If that is what you are dealing with, short of talking to the neighbors that have been in the area for years and seem to know everybody elses business, I'm not sure how you would go about comping it out.  

Doesn’t sound like it....a short sale at best.

The Notes are for a period of 13 years at 9% with payments of $350 per month.