Most traditional banks won’t move quickly or at all unless you're already an established, well-capitalized borrower with strong financials.We just received a term sheet from a small commercial lender, and here are a few key terms that illustrate what it takes to secure this type of facility:Minimum Tangible Net Worth: $2 millionRequired Liquidity: $400,000DSCR Covenant: 1.75x maintained at all timesInterest Rate: 1-month SOFR + 3.75%, with a floor of 7.5%Origination Fee: 1% of the line amount (in this case $200,000 on $20MM)Unused Line Fee: 1% annuallyExpense Deposit: $50,000 upfront, just to start diligenceAdvance Rates: Only up to 75% on performing notes with strict LTV guidelines (max 50% loan-to-value from the bank’s perspective)Banks want full transparency on the collateral, borrower, and servicing structure.

Assuming these properties are all occupied, be sure to perform thorough interviews and estoppel for each tenant!

A lot of lenders will also allow the higher of market rent vs lease if the lease is seasoned and performing (usually 3 months seasoning).

OTH you can certainly print out some reports showing performance compared to last year and market averages.

But there’s one underrated factor that directly influences all of those metrics — guest reviews.Whether you own one Airbnb or a growing STR portfolio, reviews are not just feedback — they’re revenue drivers.Here's what I've seen firsthand:✅ A handful of recent 5-star reviews can push a listing higher in Airbnb/VRBO search results✅ Positive reviews increase booking conversions — even at higher nightly rates✅ Great reviews build guest trust before they even click “Book Now”On the flip side, one unresolved negative review can tank your performance for weeks — even months.So ask yourself as an investor:👉 Are your current/prospective properties review-proof?

I am seeking legal advice regarding significant issues caused by negligent and substandard work performed by a general contractor (GC) on a single-family home I purchased last year.

If the GC is licensed, you can file a complaint with the Ohio Construction Industry Licensing Board (OCILB).Website: https://com.ohio.gov/divisions-and-programs/industrial-compliance/boards/ohio-construction-industry-licensing-boardComplaint form: https://dam.assets.ohio.gov/image/upload/com.ohio.gov/documents/dico_ContractorComplaintForm.pdfThey take complaints seriously, especially if the contractor is:- Submitting inflated invoices to insurers- Performing work without clear written approval- Using lien threats as pressure tactics- If the tree company or GC is unlicensed, you can still report them—but that’s a red flag in itself.3.

past performance is one thing, I’m also interested in the CHARACTER of the sponsor.  

(It’s reasonable you have to go under contract before walking properties to avoid tenant disruption.)You get past these steps then you decide which properties are performing poorly or aren’t properties you would be interested in and make sure they can be sold for at least their portion of the purchase price after selling costs. 

My biggest frustration isn't with the deal failure itself, it's more with the operating performance of the GP and honestly I'm not sure how an LP can really determine this.