This topic is relevant as I just had conversation with a CPA and his client yesterday with respect to setting up an LLC and making an S-election to save on self-employment taxes. 

Building out systems to effectively manage is crucial, even early on.3.

Since both DC and Maryland are tenant-friendly states, selecting the right tenant is especially important to avoid hassles down the road.

As any channel can be used effectively for lead generation.

The property serves the energy workforce market in the area.Property overview• 18 furnished units + manager residence• Built in 2017• Located in Pecos, TX• Workforce housing model (weekly/monthly rentals)• Stabilized operationsFinancials• Purchase price: $800,000• Recent third-party appraisal: $1,200,000• Trailing normalized NOI: ~$100,000• Annual revenue: ~$268,000So from a leverage standpoint, the deal is actually fairly conservative if viewed against value.Loan requestWe’ve been seeking:• Senior bridge loan: ~$520,000• 65% LTV of purchase price• Interest-only• 12–24 month term• Exit: refinance into long-term DSCR loan once stabilized furtherSeller structureSeller is flexible and willing to carry the remainder.Proposed structure:• Senior loan: $520K• Seller carry: $280K fully subordinatedSeller note terms could be:• principal-only monthly payment ($1,200–$1,500)• balloon at refinanceSo the deal itself works operationally.Where things get difficultWhat I’ve encountered talking to lenders:1️⃣ Most bridge lenders want borrower cash in the dealEven with seller carry, they want "skin in the game."2️⃣ Many lenders underwrite strictly off purchase price, not appraised value.3️⃣ Origination fees are extremely highTypical quotes I've received:• 12–14% interest• 5–6 points origination• 12-month term4️⃣ Some lenders require reserves ($100K+), which defeats the purpose of the structure.5️⃣ DSCR lenders generally say:“Come back after seasoning or after you own the asset.”The real gapThe deal works if the capital stack is:Senior loan: $520KSeller carry: $280KBut lenders are effectively asking for an additional $50K–$100K borrower cash injection, which is the piece I’m trying to solve.So my question to experienced investors:Where do people typically source that “gap” capital in deals like this?

Airbnb likes you to do things "their way" so having instant book on, flexible cancellation policies, pricing discounts on, reasonable cleaning fees, etc can all effect your visibility.

Do you find that their tenant screening is effective or do you use other systems or processes? 

They charge $1000 if you buy one of their pre selected properties.

@Saravanan Varadan Here's an article with things to consider when selecting a cost segregation company.

One of the things they didn't tell me until after the work was done was that the title insurance isn't like normal owner's title insurance where the premium is paid once and effective until the property is transferred.