Never believe the original timeline the contractor gives you!

👏 Agree, this is the kind of data that can help you stay ahead of the curve.

They don't have the actual sales data.

Jacksonville still seems to have continued job and population growth, but without actual hard data, it seems apparent the supply far outstripped the short-term demand.

However, you will have PMI for life of loan most likely and there are usually higher premiums to originate FHA loan.

The banks you are speaking with either do not originate conventional loans or the LO simply does not know how to originate them.  

So there would be no way to pull data from a PM system automatically unless I had my own PM system where I re-entered all their data which would be a huge time waste.

Hi @Sumit B.To start off, Cape Coral does have a 7 day rental minimum, however, this is an ordinance that pre-dates the STR industry and was originally targeting transient housing. 

Starting a hard money lending company makes sense to me since I have hundreds of contacts in this business that I've built relationships for years, as well as it aligns with my origination background. 

Originally posted by @Drew Sygit:100% agree with @Jay Hinrichs!