@James SillsPrivate money may be difficult for multifamily because the asset you are repositioning may need seasoning, a period of time to show that income/expenses have stabilized.

Hello Jonathan, welcome aboard, the community has everything you will need, from education, Q&A, and seasoned pros.  

Purchase price: $240,000 Cash invested: $84,000 Bought the unit as a Short Term rental for the summer season.

I'm just short of the income qualification but would still have to wait two years for that to season.  

Hi everyone,I am trying to find out whether short term rental has seasonal weather risks, and thus posting this question.

The most common benefits a landlord can get from an arbitrage agreement are: reduced vacancy expense, decreased maintenance costs (most arbitragers agree to fix any damage done by guests), increased rent (most pay a premium), reduced number of hours managing the property (aka it's more passive)Some less common benefits, but still worth mentioning: Using the property to host their own guests at a lower rate during the "vacation season", Revenue sharing, arbitrage managing landscaping, and other management tasks. 

We are looking to, form a JV with a seasoned investor/rehabber, someone experienced in the local market.

Indianapolis has a strong event-driven market (Indy 500, sports events), so this company could be a good fit for those peak seasons.4.

Bite the Bullet - Keep your tenants happy!

There is a lot of loopholes, tips and tricks to take advantage of so just keep having conversations with seasoned investors, Realtors, Bankers, GC's.