If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

This will also give you education on saving money and managing a business as like anything in life, there will be income and expenses and you need to always maintain that balance.

I'd appreciate your insights on balancing the trade-offs between initial capital outlay, monthly cash flow, and potential returns.Thank you for your expertise,Ricardo

Their checking accounts are also free with no minimum depoit required and no minimum balance.

Question #4 where can you find current mortgage balances on a home? 

The $600 heating oil bill + little to no rental income + PITI in January will balance your actual numbers out for the year.

That said there does seem to be a good balance because you don't really notice which homes are the STRs unless you look for them (most of the time). 

This experience reaffirmed the importance of balancing speed and quality to maximize profitability.

It has a growing population and a variety of amenities, making it a viable option for multi-family properties.Fishers and Avon are likely to provide the best balance of rental income potential and property values, which can lead to a higher DSCR.

It all comes down to the actual opportunity presented, and understanding those risks while balancing the possible reward.