Exercising may cost a little money, but it places you in a much safer position.

I don’t know what Minnesota has for a definition of “substantive” contact, but I bet there’s a disclosure form for denying an agency relationship when one is vetting a potential buyer who wants to see a property.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

Its a safe bet that you can make more than 3.75% on your money somewhere else with little to no risk. 

Plus if you do not have a well established team to get your project finished up before the end of the summer selling season, you may not get the return you were expecting as holding costs and declining values are eating profits.Option 2 sounds like a safer bet, but yes you will have to cover some expenses and may have to carry the property with your own cash until rent prices appreciate enough over the years to cover your mortgage payments. 

Investing based off climate is absolutely necessary, call me a woke butterfly I don't care-- as someone whose made the biggest bets off weather plays I am willing to continue to try this.

Your best bet is probably going to be working with a hard money lender.

This is a high risk investment for anyone to consider and your best bet is to find a long-term job and qualify on your own.1) Two people applying for a mortgage will go against both applicant's DTI in full.2) What if there is no cash-flow and no equity/ appreciation.What can force you to sell the property keeping her in a bad investment3) What is the market turns and you are not able to refinance the property?

I'm willing to bet if rates went down significantly than getting this property under contract would have had even more competition.

Hi Beth, Your best bet is finding a DSCR based lender that has looser guidelines on STRs.