@kevin reverse works but is more expensive AND you have to be well capitalized to execute on it!

Also certain lenders will either allow for you to execute a partial IO loan which is where typically the front end of the loan (5-10 years) has interest only payments.

Lots of people would lose their entire life savings (either through fraud, market forces, or simple lack of execution).

Property has no "on-site" employees with exception of cleaning staff.

Remember that the on-site company also has an onsite maintenance and housekeeping staff.

Hi Tim,This week, we executed a term sheet for a client for a similarly sized asset in RI at 70% LTV, 30 Year Fixed @ 7.625%.It is possible to get a lower rate if you're okay with more thorough underwriting.

I'm applying for various Leasing Administrator and Assistant Property Manager roles, although it's a slight career switch from my normal day job as an executive assistant.

You will find the property management/cohosting/cleaning business in Orlando is extremely competitive, and scaling your business will be tough once you need additional staff and are juggling more homes.

Property has no "on-site" employees with exception of cleaning staff.

Beasley ensured local insights and timely execution.