I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.

Wants what he thinks is a market price for something but doesn't understand the albatross he has created over the last 20 years. 

I purchase my 1st multi family in Durham last sept, I was debating between str and long term, I went with str and I am loving it so far. my dec occupancy is Unit one 2b1b: 82%unit 2 studio: 79% So far so good and already thinking of getting another one in 2025 🤤 These are great numbers for this time of year!

I don't think we are going to be able to come up with $50K before they're going to need to move and no, definitely no family members able to gift $50K. 

I think most people would agree that a single family home is better than a condo for a long term rental.

@Jake Baker  You should think about a rehab loan if you are going to buy and hold.

The GC and the sub ended up sharing in the cost mostly (I think) because it was better than the finger pointing game that had already started, and realistically the attorney's were the only ones about to win...

@Dan Green - I think it is really hard to do this. 

I still think developing good relationships with brokers is the best way and will get you the best results quicker than going direct to seller. 

I don't think I would be interested in renting a boat or RV....I would have it too long for that to make sense.Though I own several properties, I currently have no primary residence...