I would love to know if this strategy works and if it's worth implementing for my situation.Thanks.

Hello,I was wondering as towns begin to implement permits for short term rentals are Airbnb and Vrbo requiring a copy?

@Mandi Martinez there’s a stipulated damaged clause that you can include in your contract saying the price will be reduced by $x for every day that the job goes over.This is super easy to implement in the next job of you include a bonus for the contractor if the job is completed before the end of contract.

I feel like it would be fair for them to say those who have already gotten the permits to be grandfathered in, but do you foresee they will try to implement on the ones who are applying now or going to apply within a month? 

Some are much more stringent than others.

Do you implement a late fee policy?

They will guide you on how to plan and implement tax strategies that significantly reduces your taxable income through deductions, appreciation, depreciation.

so a little more to it than just comparing it to buying a vanilla rental.Its a great strategy for those in a financial position to implement it though.. but for most frankly they are not .. they take on risk and or cause risk for the seller. 

Walmart is implementing a national minimum wage of $11 per hour.

I am interested in buy-and-hold single-family homes, potentially multi-family if it is a good deal, and I am looking to implement the BRRRR strategy.