Had a good bit of interest, but no one who actually has enough income and credit and job history to qualify.

With an influx of STR investor demand and a shrinking 2025 STR Participation window - its vital investors align or establish a qualified team to execute.

There may be a lot of them, and they may be convoluted - but it is a set amount of formalized knowledge.

Quote from @Jules Aton: Quote from @Andrew Steffens: I received a formal demand from an attorney (I believe to be a friend or family member) because I refused to issue a refund for bad weather. 

Still, the appraisal was what kept them from overpaying in an overheated market. never treat the appraisal as a formality.

This creates a formal lien, making it a financed purchase-even though there is no cash change in hands.Once property is appraised, I apply for a cash out refinance.

Me personally, I would at least formalize that with an email.

The downside is also clear - more risk, less structure, and less formal training.I’m considering proposing a blended performance bonus instead of just the flat $10K.

Here’s how I’d think about it:Relative Homestead route:You get the tax perks: homestead status usually means lower property taxes, plus you can still deduct mortgage interest.It’s simpler paperwork-wise — no leases, no rental registration, no landlord compliance hoops.Friends kicking in “help with expenses” is more like cost-sharing than formal rental income.Official Rental route:You’d be treating it as a true investment property.

So their counter argument is "it's worth that much cause we said all the others are"I'm leaning towards a formal dispute.