Hi everyone, I have been managing STRs on Cape Cod for about 3 years now. I was presented an opportunity to get involved in a mid-term rental and I wanted to get some information on the difference between the two. Any advice or tips would be greatly appreciated!
My client is looking for financing on a pre-established restaurant that closed its doors after 100 years or so. Great location, property is listed at $2.79m. He is seeing a loan for the purchase of the land and the buildout, renovation of the pre-existing restaurant there is a cottage on the prop...