Any syndicate that over-leveraged and/or has a near-term maturity will be very challenged to survive. 

.- Do a 3.5% down FHA loan with the same qualification challenges as the conforming loan.

It's not that challenging to get above a 10% return in real estate with all of the profit levers (cash flow, appreciation, mortgage paydown, tax benefits, leverage)?

Technically, Conventional allows 15% down but you end up incurring a hefty hit to your rate/points options when you put down less than 20%, which makes causes most people opt to put 20% down.

Technically Loan C will require a higher cash to close than Loan A, but overall less cash will be required from borrower during life of loan.  

What’s been your biggest challenge so far with the expansion?

If you are a control person, this can be a challenge but I have learned to let go over day to day issues that come up that I would do differently.Handypersons are a tough one.

Some of it has to do with the same sorts of challenges you see with smaller sized businesses in general - mom & pop shops aren't always keeping the best financial records or doing their taxes the correct way.That’s what I figured, thanks again ! 

I think it was technically closer to 72 and some change when it was all said and done. of terms of the appreciation, honestly a lot of it was timing.

Your journey into short-term rentals sounds like an exciting shift—I can feel your energy for taking on a new challenge.