Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Hold your nerve and don't slash prices unless you're seeing some extended time without bookings.

It's nerve wracking but true that traveling professionals are booking really close to when they come to town.

Any landlord that offers this should have their head examined! 

I had been starting to catch onto the way he was manipulating me at this point and I do think he noticed me noticing which was scary in of itself to be examined in such a way, like sitting across the table from a predator whos meal he had paid for with my money I was forking over to him for all these months.

I would think your insurance agent might have access to some historical information for a specific area as they would want to examine this closely for their underwriting.

Hey Phil, I remember that jittery mix of excitement and nerves when I decided to step up from the smaller stuff.. it can feel like you’re eyeing a big mountain and wondering if you’ve packed the right gear.

Very nerve-racking for me being my first experience for sure, which is why I posted in the first place.In response to the comment about paying too much, everyone gets wrapped around that.  

Now, probably after a long and drawn out court battle, a plaintiff can probably get the lien removed as a “sham”, but a cursory examination by the typical plaintiffs attorney would probably not produce that conclusion.  

It may not be practical to have a contractor look at each property when you might examine 10-20 for each one you buy.