Because the property is so unique pricing likely needs to be as well, maybe consider that based on the property needs/maintenance and location you may not want it consistently turned over so maybe you open 28 day slots and allow use with a 1 time per month turn over.

I would suggest the client to find another partner with experience or have the builder/GC PG for favorable terms. 

Pg 79/154 from IRS Audit Guide:"Passive losses are generally deductible only to the extent of passive income.

I get great rates, depending on LTV I get no PG on it, portfolio loans with outs for individual property sales, etc.

But seems like being a sponsor could be a good gig.. although you do have your reputation at stake if not your PG on these deals..  

(We switched to commercial financing when we ran out of loan slots with Fannie Mae.)  

Vegas slot machines.I also see the turn keys offering projected appreciation rates. 

Quote from @Patrick Roberts: Quote from @Jay Hurst: Quote from @Zach Edelman: If you do a DSCR loan and vest it in an entity - you and your partner can both PG the note and it will report to neither of your credit reports, thus having no impact on your DTI! 

But higher tax rate in PG county. 

Answer sure.. have to check if there is a due on sale clause or if you have a PG to the orignal seller.. that mortgage stays in your name unless there is a formal assumption  Maybe the example is more challenging for a house as the property.Ex. with vacant land - seller finances to me $20k with 5% down and $1k/moCan I after 1-2 months, then resell the land to a cash buyer for $25k, pay off the original $20k and pocket the $5k?