If rates do go down significantly, it will be more of a sign of economic instability.I recommend continuing to save monies until you come up with enough for a decent down payment.

Commercial: LOIs signed to lease 50% of the vacant space and project to lease the remainder by Mar-25.

It takes little time to do it, so I always just filled out the form()s) ahead of time for them, and then just brought it to them to sign.

Commercial: LOIs signed to lease 50% of the vacant space and project to lease the remainder by Mar-25.

We had to get a signed lease and first months rent and security deposit on our current home before we could get approval from the bank.

If you do and find it valuable, sign up for the full meal deal.   

Tell them that you are serious about running a quality STR and to have them call you at the first sign of problems.That will give them some peace of mind and have a way to get a hold of you instead of calling the cops.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

I assumed once I signed the contract, I owned the property, just land at that point, and have a contract to build the quad.As for if they run out of cash at 80%, I could close the gap if absolutely needed but obviously that isn't the goal.The builder owns the entire development, minus the handful that have/being built, so they have a vested interest in this working, they want to do it a couple of hundred times at least.

(Luckily 99% is digital now so I can “help her” sign.)