Private equity usually requires a larger minimum investment and longer hold periods than single-family or small multifamily investing, so it’s not as liquid as traditional rentals.The best way to start is by talking to operators, reviewing a few term sheets, and understanding the types of deals that match your risk tolerance and investment horizon.

Calculate the payback period on that investment.

What is the 'seasoning period'?"

Some people in this thread suggested a periodic check-in—paying for a review every now and then without handing over your assets—and that can be a solid middle-ground.These days, it’s incredibly easy to educate yourself.

They are saying the only way out of possible fines and violations is to provide financial data for the time period.

Investors should be familiar with the process and procedure and better yet...complete the application (even if it cannot be submitted until recording) prior to the expiration of their due diligence period.

Origination costs usually can't be rolled into the loan on PM/HM funded deals so you'd be on the hook for closing costs and as Nicola mentioned holding period costs. 

Fix Your Minimum Stays, Blocks, and Calendar GapsMost hosts assume football fans will fly in, watch a match, and fly out.That is not how it works.Here’s what actually happens:Many fans travel with familyPeople stay multiple nights before and after matchesSome attend multiple games in nearby citiesTravellers use it as a full holidayBusinesses send staff for 2–6 weeks at a timeYou need to strategically adjust:Minimum staysCleaning gapsOne-night holesCalendar inefficienciesThis alone can double your revenue for the World Cup period.3.

Spending $50K over budget upfront could break the BRRRR math.If leaving $50K in the deal significantly reduces your cash-out refi or increases your payback period, that defeats the BRRRR strategy.

“Avoid blocking air vents or shutting off HVAC systems for long periods.”