This would ruin any of our chances to take advantage of a 'first-time home buyer' program, correct? 

Is there an advantage being in one town vs the other or are they all relatively equivalent in terms of occupancy and rates?

But it's just the reality of things here right now.While far from perfect, Cedar Rapids seems to have a better city government and has the advantage of being in-land Iowa.

This will be my first foray into the universe of admitting pets so all feedback is welcome.I feel like as STRs get more and more competitive, being pet friendly seems to be a competitive advantage in some markets

It’s especially advantageous that your construction costs are lower due to being a builder, which really boosts the overall profitability of the project.The numbers look strong, especially with a refinance at 5.9% the $24k net after expenses and $12k yearly pay down show a solid return, even with conservative estimates.

I wanted to point out another big advantage of CA RE that is not present in most out of state markets.  

Phase 1 will be done by end of November so that the owners can take advantage of the tax benefits for 2024 and rent in December.   

Tax BenefitsYou are buying in an expensive market, which actually gives you a competitive advantage.

Make sure to take advantage of the free tools, forums, and resources they provide! 

The fact is, the tenant is trying to take advantage of the situation and get something out of you.Based on what you've shared, I would give them notice of termination and remove them from the property.