It’s a fluid system so a level 3 can turn into a level 2 if I hear back from them on a 3rd day. 3) Don’t you guys feel anxious that when you aren’t cold calling there are people out there taking your prospects on your list?

I would say probably it's bad to read a book specifically on things like STR because this space is very fluid and dynamic and things change constantly.

That said, if there is something glaringly wrong with a planned transaction that the custodian sees, they will usually put the brakes on things, but they have no obligation to do so.  

It wouldn't be a bad idea to pump the brakes and save some capital. 

Hi I have 10 units and its the first time I have to deal with problematic renters:
here is the details.
its a couple with a child, They did not sign a lease on purpose when I sent it in September but they started to...

Tenant just let me know they're braking their lease and are leaving in 30 days from now.

Only a handful of new projects are in and is typically from General Contractors that are doing their very first MFH development.In summary I see big players pumping the brakes hard, and new players starting to drive.For the big MFH investors / master builders, in your game of chess and your current strategy for your organization what are the factors of currently doing this at this moment.Is this current strategy due to the new 40yr loan products that may be affecting, waiting to see the unknown unfold in the market? 

And I don't know about an entire year, but it legitimately takes months to accommodate such a dramatic, unclear, and fluid change in the tax law.

-Evan Brake

Kind of like a refinance when you refinance your home you do not bring money to closing you include the closing costs into the new loan by using the existing equity.Taking cash out of your primary is a solid choice to reserve your liquid assets and stay cash fluid.