Richmond is a growing market with strong tenant demand from young professionals, families, and college students, depending on the neighborhood.

I know some STR designers offer Minoan for their clients and others don't, so it depends on who you choose to work with.  

Please reach out if you are a lender or can connect me.5 Bed 2 Full Bath & 2 Half BathExisting Mortgage ~$550,000Home Value ~$1.1+ Mil Depending on the STR income generated from this property, you could do up to 75% LTV on a cash out refinance.

All of this depends on your market having demand, of course. 

We see DSCRs coming in at or under conventional, but it does depend on LTV etc etc. 

Just depends on your strategy but my best advice is to take a drive through those areas.

For example college rentals generate some of the highest ROI of properties I come across in New Jersey but it depends on the school and location of property.

It depends on what stake you offer in the property. 

As I'd imagined, it seems like there are no hard-and-fast ways that a deal must be structured, but rather there is room for flexibility depending on the situation, and in any case consultation with experienced professionals at every level is key.

I know depending on where an investor is in their fix and flip journey and the market this will vary, but Im curious because I feel like this is important when it comes to a good deal since some investors might not mind making less to have more doors.