Do your best and if it doesn't work out, sell to another Airbnb host.

If it's an (A) location you do not need 1.5 years especially to land a franchisee restaurant tenant.When I look at a property I look at the current value, the dark value, and the re-potential value.Lot of commercial developers sell off marginal tenants at market rents.Example me buying a Wal-mart with 10 plus years left at a 7 cap is way different than trampoline or workout place at a 9 cap.On its face the 9 cap may be appealing but then you find out for that box size the crap tenant is paying 1 dollar below what national tenants pay.

If you can figure out a specific strategy and be THE guy in the space, it could work out.

Lovely attached, outdoor terrace to relax and enjoy the seasons, sparkling community pool and large gym for workouts.

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

I figure I can always go back and run more background checks on people further down the line in the process if something doesn’t work out with the first applicant or two.

If they have other property (outside of a primary residence) then it could work out but you have zero equity protection and going in 2nd behind hard money provides all sorts of risks and issues, even if they allowed you to.

It’s brilliant, I just can’t work out the fine details because of my lack of knowledge on specifics on how mortgages are regulated.

@Diane Kruse, I routinely buy used washers and dryers for my rentals.

In my case, when I buy fbo my company, I routinely make offers that are not contingent on financing.