He wants to have long term rentals. 

Quote from @Robert McClung III: The contract is pretty straight forward and he says the fee is refundable but not in the contract.

Purchase price: $38,000 Cash invested: $37,500BRRRR Long term holdAddress: 129 E Woodland Drive, Montgomery, AL 36105Purchased Specs: 3 Bedroom 2 BathroomAfter Rehab Specs: 4 Bedroom 2 BathroomPurchase Price: $38,000 Rehab Cost: $37,500ARV:115k@Jordan Wolff Great numbers!

I have a single family house and trying get it up and rented the contracter quoted me 39k for everything trying.

I'm under contract with that. 

Coming from someone with property management/general contracting experience doing tenant turnovers and flips for years, it has always baffled me the amount of investors that buy these rentals with "a tight budget" in terrible neighborhoods where tenants 8 out of 10 times destroy the place and can never pay for the damages upon moveout..

We provide this lending criteria to all potential borrowers in an email, shortly after we’ve met.Background: What is your lending background?

Airbnb earned $4,419 in 2.5 months before transitioning to a long-term tenant in Dec 2024 at $1,400/mo.

So, every headline about prices slowing down, normalizing, or even dipping doesn’t need to trigger fear that another big crash is coming.Here’s something that explains why short-term dips usually aren’t a long-term deal-breaker.What’s the Five-Year Rule?

If it next to you the most money you can make is short term rental but it takes the most work