I went down this road a few years ago and ultimately landed on an out of state market for STRs (Maine).

Ultimately I support whatever he decides, but we aren’t in the real estate industry most of the time.

These booking are often not made by your eventual resident, but rather they may be made by some harried assistant who ultimately has the power to choose where the "VIP" stays.

Ultimately, I think you should go through with the renovations and increased rent.

(this ultimately depends on what a "SPACE" is in the first place)....

The carrier may issue a "reservation of rights" letter and ultimately deny indemnification; but generally they have a duty to defend.   

My ultimate life goal revolves around investing in communities where I can actively contribute to the flourishing arts scene.Lately, I've teamed up with a group of like-minded friends and investors 🤓, and together, we're embarking on a mission to acquire properties in out-of-state markets that are closely tied to artistic hubs.

So, this created a few issues along the way and ultimately a loss of potential profit.

The more full Doc a loan is typically there is more documents, scrutiny, and ultimately a longer closing time frame where as a private bridge note can fund in 1-2 weeks the full doc rehab loan may take 40-70 days on average depending on a host of variables (your General contractor's documents, the appraisal, scope of work, etc).Its imporant to figure out what you're trying to do, what deal you have in front of you, your capability in terms of all loan products from DTI focused ones, the bridge private ones, your time frame to close (the type of seller you have before you), and execute with the best game plan.Best,@Matthew Kwan@Carlos Valencia

Ultimately I think a lot of us are in real estate because we have found a way to make real estate fit our lifestyle and goals for the long term.