Just crunch the numbers and ensure the terms work for your deal.Hard money typically funds up to 90% of the purchase price and 100% of the rehab costs on a draw schedule.

Any recs for something that efficient and clear? 

You also want a point of contact that knows underwriting too, that way they are proactive in ensuring your deal will get to the closing table.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

Its essentially in the longterm best interest of the property owner to ensure there is a non-compete clause in all leases; merely for the benefit of securing longterm relationships with the tenants.A diverse tenant mix can attract a wider audience and contribute to a more vibrant environment.

I would however recommend elevating anything placed in a non-elevated utility room to ensure damage is unlikely in future storms.

That seems to be one of the most important steps to ensuring minimal headaches and tenant issues.

I still am awaiting pre and post rehab photos as well as the details of the lease.I have high hopes for cash flow on this property, and who knows, I may continue to have this type of property in my portfolio in the future, but I will be looking elsewhere to ensure that I'm getting solid investment for my money and that I'm getting better service along the way while I look to build my own team / systems for investing.

Even though rental properties can be somewhat passive, there are still things to keep an eye on, like collecting rent, making sure utilities get paid, ensuring property management is doing their thing, etc.

•Ensure you have a vetted and trustworthy team.