Or you have to look for commercial or DSCR mortgages.This may mean that people on one side of the wall at your local bank (in the residential lending) might have no clue that they have a product on the other side of the wall (in the commercial lending side).

Also, I like your podcast; it's been really helpful.The need to point out what someone doesn't know and how poorly they have constructed a forum post doesn't help anyone. 

The previous owner made a really poor elaborated lease that looks like it is going to end in April 2025.

My 2 cents,MikeIt's a poorly decorated, poorly photographed and underperforming STR in a location I love.

God Bless the poor souls that have to make these calls.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Is it a poor plan or are there any obstacles I may be overlooking?

All of the pressure that you are putting on them will make them resentful and leave the property in a poor manner. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Education is important, but I think the decision of how to invest money needs to hinge on how much capital you're likely to have to deploy to various activities and how much time you intend to invest actively managing deals versus selling your time into other productive endeavors.