The old adage is true in real estate as other aspects of life - if it seems to good to be true it probably is. 

There is also the emotional aspect that makes us want to avoid certain things, like townies walking through just because they are nosey.

I would love to connect and discuss different aspects of the Hard Money Lending process, Draw fees, etc.

Just walk away if you sense they won't let you investigate any aspect of the property you wish to.

And virtually all of them had owned rentals and maybe kept a few but were just tired on the TTT but wanted monthly cash flow . so there probably is some of that at play as well Investors that dont want to deal with the PM aspect of owning RE..

@Jefferey EutsayIs there a specific aspect of this deal that you are hoping to get advice on?

These details and the creative aspect of an STR seem like they will be an exciting avenue. 

https://www.airbnb.com/users/s...Let's remove the sale/transfer aspect of it and still consider the same question, or assume that as it is likely, not possible to sell the listings themselves.

So I almost “broken even” with the cost of construction vs. valuation aspect.

Once I get a few stable long term rentals maybe consider looking into such properties and cover aspects I am able to confirm.