We are trying to think of all our options for a rehab loan.

And I suppose the likelihood of us getting more STRs in the area is directly tied to how good/bad our experience with this one is!  

ThanksI want to add that I bought this house so I can move there eventually but our plans have changed.

Then they give you a random login/password for that site that you'll never remember and can't change.  

They hold title, and the mortgage and promissory note were attorney drafted and filed at our local county. 

We'd even be happy to move them into one of our (future) properties and just let them keep all/most of their rent income as free cashflow. 

I love hearing the investing enthusiasm of our youth!

Our standard language states:In the event that Tenants decide they no longer want to live together, ___________ will be considered the primary Tenant to make decisions about modifying or terminating tenancy.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

VERY unlikely unless you either source an off-market property yourself or you find a unicorn deal (our last semi-BRRRR was a B-neighborhood property we sourced from an out of town wholesaler in late 2023, but couldn't get all our capital back out on refi).