For pros, he challenges conventional wisdom and explodes sacred cows by exposing hidden conflicts of interests and mis-alignments that many in the industry won’t admit to.

I partnered with 2 people who put up the cash and I became the Industrial partner who found and negotiated the deals and I also, found the lender, did the project management for the rehab. 

If you take it to the extreme I’d like to see an interest only loan option that had a competitive interest rate, I mean I do like principle pay down, but I like cash flow better, and in the end equity gain is where the really money is, so any tool that would allow me to use more leverage and reduce risk by increasing liquidity is better for me. 

Remember, you can refi when rates are lower, but if you wait to buy until rates are low like lots of others are doing, it will be tougher to get a deal and you'll have to deal with a lot more competition.

I work in the Miami/Fort Lauderdale markets, and with the slowdown over the last year and a half, agents are more competitive with the rates.

Not replying to my message or call.Based on your extended experience, is that how it works in this industry? 

I invest and work here (think Destin, 30A, Panama City Beach), and while it’s still competitive, the barrier to entry is a lot more manageable than Hawaii.

If you are in a competitive market or market segment doing most or all of these things are what is needed to have a chance at success nowadays.  

To me, that says that -- no evidence to the contrary -- he rented out in violation of the town ordinance and (my take) now wants to whine that he got caught.AirBnB and other short term rentals (STR) need to be regulated because they impose externalities on neighbors and deprive local governments of revenue and -- depending on circumstances -- pose unfair competition on local hostelries.

Lower Purchase Price per Door:Although a single home can feel expensive relative to a duplex or triplex, each “door” in a small multifamily property may cost significantly more in competitive investor-dense markets.