We have chosen to focus on large stays in our college town (Ann Arbor.) 

Some lender will allow draw on invoices that are UNPAID. 

My wife is a stay-at-home mom but handles leasing, tenant issues, repairs—basically runs the rentals.We’re exploring if she can qualify for Real Estate Professional Status to offset my W2 income.

My wife is a stay-at-home mom but handles leasing, tenant issues, repairs—basically runs the rentals.We’re exploring if she can qualify for Real Estate Professional Status to offset my W2 income.

We do not pay for any hotel stays.

That prime MINUS 0.5% is rare these days, and having no origination fee or minimum draw is gold for strategic BRRRRs.Sounds like you’re setting yourself up for long-term success.

If you expect that instead of fighting it, you’ll stay sane and protect your projects.

When it is stagnant it’s bad, but good since occupancy will stay flat.  

Be careful about investing remotely without a crew you can draw from. 

The draw process chokes up the production and rhythm of the job.