We take ugly, make it pretty, then run to the bank! 

The view is not spectacular, and each unit has 2 floors with a backyard.

You want to get the interlocking not the glue down, spend some time looking at the different types, the interlocking does take more time and skill to put down (still way easier than tile and wood) but it is essentially waterproof as each piece locks into the others.  

You are happy to take charge, but they need to pay 50%.

Nice he says he will get his secretary to take over, but that also could be to sucker you in. 

My take on converting to STR or MTR is that if you can't find one or several comps that make the decision a no brainer, don't do it. 

Non/QM offers options but it does take a special loan program. 

My further step will be to go even lower and take a 10k or 20k loss that I might use for my tax return next year before the hard money debt becomes even more. 

I just wanted to share this as they do a great job of how someone reviews an offering.(1) m. stanfield on X: "Page 9: Rise48 is taking 28% above an 8 pref.

Targeting them one by one is going to be hard and take a long time.