The other contributing factor was the poor property management and sponsor asset management of the properties.

Yes, we worked closely with experienced brokers, a knowledgeable transaction attorney, and a strong property management team, all of whom have been instrumental in ensuring a smooth process.

I had a client who kept waiting for a better rate, only to see it jump 0.5% overnight costing him thousands.

I paid for the renovation costs out of pocket over time and finally got it to a point where it passes inspection for FHA/Traditional lenders.  

TIA We have a few different phone numbers for our business which we manage through REI Blackbook.

I have gotten 2 this year so far on the market that pencil for us at roughly 50%+ return cash on cash after lending and holding costs

I'd worry less about the loan and make sure you fully understand your insurance costs.

, clear laminated instructions inside the unit, etc.Also very important to consider scale--if you are planning to have several STR's in the same area, then it's wise for you to invest time now to build your team there and manage the place without a co-host.

Given that you've done it already you shouldn't have too much problem getting the financing together.You just want to make sure to have your soft costs in place when you apply.

Vacancy rates are rising in the market place and now is a good time to retain tenants and prevent costly vacancies.https://www.parealtors.org/blog/house-renters-renting-longer...