The inspector continued to inspect for bank draws and immediately after the final draw I received a letter from a plaintiffs' attorney alleging his injuries.

The shared upstairs bath might cap rents, but offering main-floor access is a slick move.Your $1,250-1,500 range for larger rooms could work with those premium perks (golf sim alone is a $200-300 draw for enthusiasts).

if you have 20-25% down you can stay away from hard money and go with institutional lender on a RTL bridge loan where rates right now can be had for 9-10% if you have decent credit and some experience. 

Originally posted by @Troy Fisher:@Yinan Q. yup with a Partnership Agreement you would hold the deal as TIC as stated above, I would suggest you consult with the awesome @Scott Hildebrand about drawing up the Partnership agreement and perhaps talk to him about the ins and outs of TIC in Washington StateI think you mean a Tenant-In-Common Agreement since will be holding title as Tenants-In-Common. 

The IRS allows TIC interests to qualify for 1031 as long as the arrangement doesn't resemble a partnership or joint venture.To stay compliant, your TIC agreement should follow the IRS guidance in Rev.

How long does your investment stay in the REIT? 

Maybe the right middle ground is to stay with my current PM for now, but start testing ways to offload pieces (leasing, renewals, VAs, etc.) so I’m not locked into an all-or-nothing choice.Thanks again for the thoughtful perspective - super helpful as I continue thinking through this.

Thus, available liquidity of at least $20-25k+ is expected to cover closing costs, a few interest-only payments, and partial rehab spending before draw reimbursement.Fees are usually reasonable for hard money and in line with the higher leverage offered in such cases - 11-13% and 2-4 points, i.e. perhaps a tick higher than the mass of 10-20% down offerings out there. 

Year-round draw.3) We just put a client under contract sub-$200k for a property steps from the NC entrance to the park.

Biggest thing is checking local regs since a lot of cities are tightening up.Are you thinking more about catering to vacationers or mid-term stays?