:) I say as long as you can cashflow on the property, you're safe!

I will say a few things though: Pros:My experience with them improved over the 5 years each year as they added more features, services and personnelThere 10% fee (10% of nightly rates and cleaning fees) is still reasonable for what they do if you don't want to worry about setting up and managing listings, professional photos, payments, guest inquiries, calendars, etc.They basically handle everything up until check in, they then set you up with one of their 'partners' in the area for the rest or you self-manage everything after check-in (I opted for the latter)Their staff is friendly and their owner portal is a really nice feature to go in and look at your portfolio of homes with them in a single space. 

@Adam Graziano I would say a lot of it is based on their training or their resources that they utilize to complete your taxes.

I'd say a $1500-2000 "doc fee" is standard for retail hard money, but broker/wholesale doc fees are typically less so the broker can charge their own if necessary.

So no issues there.In some cities though, you'll find regulations that say a single family home is no more than 5 unrelated persons (or something similar).

To be online next year 2026.On NVDA I'm a BULL.... a big BULL, dare I even say a super-BULL. 

Let's say a lender gives you 75% loan-to-value, that’s around $116K.Out of that refi:You’d pay back your private investor the $52K he put inPay off the construction loan (assuming it doesn’t convert to a long-term mortgage)That might still leave you with a few thousand in cash, depending on final numbersEven if you don’t walk away with a ton of cash, you’ll have a renovated, cash-flowing property and two vacant lots you fully control.

Quote from @Mark Bennett: Hi, curious if anyone has experience or insight on purchasing a mixed-use multifamily (ie: 1 business + 2 residential apartments) vs let's say a purely residential triplex.

Hi Brenda, I'd say a bold move, but not necessarily too ambitious if you go in with eyes wide open.

Quote from @Chris Seveney: Quote from @James McGovern: @Chris Seveney margins matter 100% do - but if I see a property that I can get for $200k and make 30% or more on it, if the wholesaler got it for $195k or $160k I am ok with that as they also have labor, makreting etc. expenses.We see this all the time buying non performing loans at a discount - borrower thinks they are entitled to reduce the loan because we bought it at a discount - sorry it does not work that way - as there are a lot of time, cost, expenses as part of a business and lost opportunity costs that go into deals.Lets say a wholesaler was working the deal for 60 months, spent 40+ hours at the property and spent $10k marketing the deal - should they not get a decent return?