@Tom Dieringer After purchasing my first property in 2024, I acquired most of my short-term rental (STR) knowledge from The Short Term Shop, which included maintaining respectful communication with guests, keeping calendar availability up-to-date, and ensuring high-quality listings.When I initially began May of 2024, I opted to list my property exclusively on a single Online Travel Agency (OTA) - Vrbo.

However, in private financing it is customary for the borrower to foot those costs.You can find each institution's registered account and arm's-length mortgage guidelines, and fees on their respective websites.

I doubt any respectable lender will consider a property without electricity and missing breakers as "working" as the property is not habitable in this condition.

Michelle Wang,With all due respect, you should make plans to be in another business once you're out of Real Estate Investing (Residential, Income Property).There are Members of our MassRealEstate dot net Association that come crying to me about similar situations as yours i.e.

So, it's still a viable way of investing, but does not have the same scale of success in today's economic environment in higher appreciation markets.

Vet potential partners carefully and aim for relationships that can grow with your portfolio.In this higher interest rate environment, focus on cash flow and creative financing options like the HomeStyle rehab loan or seller financing.

Urban areas can definitely be tough to gauge from a google maps search because environments are street by street, block by block.  

Personally due to the rate environment, I am sitting at 65% LTV on my properties, but I also stopped buying and started private lending (in the US at least, I just bought a house in Portugal).You're in a really good position here, it'll just take some math, homework with banks, and diligence in renter underwriting to end up with a fantastic income property and portfolio. 

Ultimately, clear communication and expectations handled in a respectful manner can avert any issue.

Quote from @Daniel Samandarov: With all due respect you are a novice real estate investor that is upset and frustrated with the standard UW process and wants to blame us for your inability to provide docs and requested items correctly.