Therefore anyone with bank originated construction debt or bridge debt is likely happy right now with the rate cut and narrative surrounding future cuts since in many cases these are adjustable rate loans with floors we likely won't see anytime soon.It will be interesting to see whether this cut gets banks who have been on the sidelines back into the market or alternatively some lenders who have continued to lend but with tighter underwriting to ease their guidelines.

Heck no, but we are better than all the alternatives.

Disclaimer: I'm probably biased because I've lived in Indianapolis for the last 5 years :)If you're set on BRRRR, I'd recommend higher-quality neighborhoods in suburbs of Indy like Zionsville, Carmel, Fishers, Noblesville -- they tend to attract higher-quality residents have less crime, and have less surprises than some of the 60-100 yr old homes inside the I-465 loop. 

Alternatively you could just flip.

You will need experience in any case to attract clients. 

The alternative I see as a work around but full disclosure I am not a lawyer is giving tenants notice to vacate and then listing the property with no active tenants or have tenants sign off that they are not interested in buying the building and list right away. 99% of tenants are not capable of being buyers so who knows how often this ordinance will actually be used.

Logan if you end up pricing $75K on this one, definitely get in touch with me since a 15% return is very attractive for our private equity fund acquisition. 

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

These improvements not only enhanced the property's appeal but also attracted higher-quality tenants.

These improvements not only enhanced the property's appeal but also attracted higher-quality tenants.