This is a great reminder that vacancy is often more of a systems issue than a market inevitability.One thing that stood out to me is your point on speed of execution.

A few quick tips:Wholesaling first: Great for learning deal flow without risking too much.Keep the winners: Deep discount, high-cash-flow deals are perfect for building your own portfolio.Mentorship matters: Find someone actively doing deals, not just teaching courses.Watch pitfalls: Compliance, team management, and local market demand are key.If you execute well, this approach can set you up to scale smartly.

I recommend you have an in-depth discussion with your lender before executing on this plan to make sure you do so in a compliant manner; otherwise, the DSCR lender will likely be able to determine you to be in technical default. 

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

Execution — managing tenants, improvements, and exits. 

A “good deal” to me is one where the spread makes sense and I can realistically execute the plan without surprises.

Now known as Anderson Executive Tower.

I'm an Executive VA and an awesome (so I like to think) mother of 3 awesome children.

If you don't execute the option to buy, you lose the exclusive right to buy. 

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.