For a nice possibly furnished STR, you are looking at between $250,000 to $350,000 depending on your budget. 

Would you rather spend a half an hour on a phone call, and under $200 to fix a small issue now, or the other end you people being slum lords and not handling YOUR responsibilities in owning, renting properties????

I think you would need to ultimately know what your goals are and honestly what your budget is.

If you are uncertain about any of this I would recommend spending a little on a CPA that understands RE investing.

This discrepancy can strain property owners financially.I onboarded a customer and later found out he was way over the set furnishing budget.

I'm sure this was not comfortable or fun to spend this money for the fixes but the fact that you were able to find a way to do so and stay in the game is really a feat so kudos there!

NOI well below budget.  

Obviously, they will pay less for these loans because of the resources they spend upfront.Most of the larger private lending firms will participate in correspondent loans.

Depends on really what you are looking for:-Speed - some HMLS can go "no appraisal" so can close very quickly and beat cash offers if you are in a competitive market to buy-Interest Rates - can range anywhere from around 8% to 13% (same with "points") but not usually as huge of a concern for flippers since the terms are so short-Leverage - depending on your risk appetite / capital - this is also a top concern for some (almost always over and above rates/fees) can see anywhere from around 80% LTC to even mid 90s LTC (including 100% of rehab budget)

This way it’s no up front out of pocket expense for me and they then have the extra money to spend as they need it.