We're curious what recommendations the BP community would make with regard to this topic including specific terms like loan length, down payments, and interest rates or if we should avoid doing this altogether.

Some areas may prohibit STRs altogether or require specific licensing, while others may welcome them.

If you do not have experience with that, it might be wise to approach with extreme caution or avoid altogether. 

Should we use our existing account and open a separate new account specifically for the rental, or should we open an account at a different bank altogether?

Eventually the parted out multifamily sat overpriced forever and more often than not one person buys into the “Condo” and makes nixing the condo idea altogether irreversible.

Plus, if the lawyer's sharp, they might even negotiate a “cash for keys” deal and avoid court altogether.

Lettinga policy lapse, even briefly, can result in significantly higher premiums orfewer options altogether.

Then, she stopped responding altogether.

By partnering with an expediter, you can proactively address compliance issues before they impact your next real estate deal.How Open Permits and Violations Impact Your Property Deal:For Owners: Open permits or violations can prolong the sale process by 3-6 months or deter potential buyers altogether, affecting property value and refinancing efforts.For Property Managers: Non-compliance can deter tenants who prioritize safety and legal adherence when choosing properties, impacting occupancy rates and lease agreements.For Tenants: Leaving open permits or violations unresolved after improvements can lead to legal disputes with property owners, complicating lease terminations and financial settlements.Take Control of Compliance Today:Engage a permitting consultant to assess your property's compliance status comprehensively.

Then run NPV and you'll know if it's a worthwhile effort or if you should do LTR or sell altogether.