Reflecting with the beaty of hindsight, I thought it might be worth revisiting some of the strategies mentioned here to explore how they’ve played out over the past year.For example, in early 2023, property values in areas like Bay Park and Clairemont were climbing fast, but they’ve since stabilized a bit.

This action reflects an alarmingly popular sentiment that rental housing belongs to the state, not its owners.

If the note was only seasoned 6 months with a small down payment, that is a much greater risk and would be reflected in the pricing.

We’re sorry to hear that your experience fell short of your expectations, we value this opportunity to reflect and improve.We worked closely with you for over a year to prepare your property for success in the short-term rental market.

Memphis has a relatively low cost of living, and that’s reflected in the property prices.

If I keep the house in my name and use it as a rental, would I need to do anything other than notify the lender and adjust my homeowners insurance to reflect the house is a rental? 

You can outsource and automate all you want but when you run into your guests in the driveway and they want to talk you can't just walk away....your reviews will reflect that.I used $1100 and $437 as a real example. 

Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.

I am hopeful this in conjunction with slightly less new starts on construction will help improve permit timing and material delays.I think it is also noteworthy that R2R has been as transparent as possible, reflecting timelines as accurately as possible. 

My review reflects both my optimism and my apprehensions as a new investor, and I'm still navigating the process.