I have an REO broker with over 15 years experience to help guide you through the process if you have not done it before.I'll work with you on ensuring everything the Am's are lookimng for is addressed in your resume.If I do not get you listings it does not cost you anything.

Just ensure you keep track of when the property use changes.

., but I don't want to cancel with Evolve and then be off the market for a period of time while trying to get all the data and info into Hospitable.

@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

This is all public data, except for the rentometer estimated rents (which you should expect to mark up for being fully-furnished). 

I would really encourage you to talk to your CPA to ensure you meet material participation tests and are adequately documented.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

In the operation, you should use a third party dynamic pricing platform that will adjust your night rate automatically based on the data they have in the area. 4.

Check with your lender and consult a tax professional to ensure proper structuring for interest deductions.

This structure helps ensure that if one property faces a lawsuit, the other properties and their income streams are protected.