Team Player, Operation Professional, Business Owner, Wisdom....

They do not provide gap funding, this is a misconception that lots of newer players in the space have because they want to get into a deal with higher leverage than 80%.

Again, I've been posting in this thread to point out that STR investors who are relying on Airbnb/VRBO/etc for bookings (which is most, but not everyone) has inserted themselves into the hospitality industry, which has major players calling the shots. 

Get out of your comfort zone and start talking to the players in the game, create meaningful relationships that provide mutual value. 

It has taken some time to get the right players in place, however, once we got the formula right, we are moving forward with our plans.

On really huge properties sometimes bridge lending is available for an additional 10%, but we're talking about institutional players here that have significant liquidity and holdings to cover any issues.

Well I did get a cancellation because the baseball team players were told by their coach not to travel out of state.

One is a big player in our local market so if we find a property and need someone to fight for us to win the bid, they are our go-to person.

If it were to go below that, we could have some big issues on our hands with some of the major players in OKC.

There may be some local plays to be had where owners are over leverage and can't bridge a short term cash crunch or large players seek to ditch under performing assets at fire-sale prices, but nothing across the board.