But it illustrates the potential in Bay City.Key Considerations:Seasonal Tourism: Bay City sees an influx of tourists in summer.

For illustration purposes, you hire a snow removal company, they are ultimately negligent and don't perform the services they contracted and there is a slip and fall incident.

There have been many posts on the BP forums over the past year that illustrate the challenges with insufficient diligence.

The purpose of my "read books" comment was to illustrate that I understand the risk associated with this and that I am responsible for my own actions.

To your questions though, my clients have not experienced the dramatic loss of negotiating ability that you have illustrated.

Below is a diagram illustrating the three main tenant segments in Las Vegas.If you unknowingly purchased a property that attracts the Transient tenant segment, turning a profit will be nearly impossible due to high vacancy costs.

To illustrate this, I have a 2/1 where the average and median guest count are exactly the same for 2023 and 2024.

I hope this illustrates where your priorities should be when forming your lender relationships and easy underwriting does not necessarily mean the lender is “investor friendly”.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Not Adobe Illustrator or other readily available Vector software, etc.