The only other question I would suggest is that you do engage a property management company to review your quad and review your monthly financials.

I have 0 experience managing STR properties, but lots of experience using Airbnb from my travels 😅 I am halfway reading Avery Carl’s book on STR.

I own a MTR management company in Los Angeles, currently managing 27 properties.

We run into this especially at out parcels in grocery anchored centers, and our users generally can't make a ground lease work for the business case so the next best thing does tend to be the BTS or we often do Reverse BTS deals where the majority of the building design and management etc is done by the tenant. 

If your trying to redeploy your capital,  do you think that you can get more than 8.5% through other projects and could you do that more than once during that 4.5 years? 

For the majority of the properties we manage for our clients, we pass the yard responsibilities to the tenants.

We onboarded a hoemowner to our property management team in West Palm Beach just over a month ago.

I joined with the intent to surround myself with others in the field and build my confidence and understanding of the subject matter (:I live a disciplined lifestyle when managing my expenses and living below my means.

The construction project in question would be in West Philly, if that's helpful.

@Melissa Sejour a good property manager will give you a lot of information that you care about.