Personally, I love them because they offer built-in diversification.In my experience, local banks are your best bet for financing mixed-use properties.

Although we do have deals on the lending side that dont work but we are not forced into a position to take big loss's like we were when the banks were calling our loans.. this will happen in the DSCR world as all these folks are using same type of debt IE debt that can be called based on the terms of the debt or like you have seen with the syndicators that are talked about on BP max leverage bad debt things dont go right And you have cap calls or projects totally lost. 

You mention not a fan of landlording, great, the bank never get's involved in that stuff right. 

Natlie Palmer who is a well-known STR host, just posted this topic on Instagram and you would find some helpful info here...Natalie Palmer-Insa Also make sure your marketing copy, photo captions, and photos themselves, are calling to the guest avatar you want in the property.

You should check if the bank feeds work with your bank otherwise, it's a deal breaker unless you don't mind manually doing the data entry.

I just had a bank tell me they would take a 40%+ discount on a $400k asset which six months ago they would have wanted a 10-15% discount.

@Jonathan Bremner Happy to talk about investing over here in WNC sometime if you like, to make intros that might be helpful, and to host you at one of our monthly BP meetups in Asheville.

If your using financing the bank requires this.

Wheatland Bank was good to me but the lender I worked with has since retired.

That includes going to the bank and getting a cashiers check.Pay them at the bank, get deed notarized there, then take it to Register of Deeds and file deed.I have done this a half dozen times to keep from missing out on a great deal.For what I'm paying any risk is negligible.