Hi Brandon - my husband Matt and I sat across the table from you and your wife at the Lynnwood meet-up dinner at the Thai restaurant a few months ago.  

If you can't fit 10 people at the dining room table and seat 10 people in the living room, you're cramming to many people in the home.

It's far from unique to the scenario I've described.

Anyways, that's my situation - its unique at least among people I socialize/work with (middle class/upper middle class Americans or well-off immigrants)

Personally, I would only purchase for STR right now on either very unique/special properties or on those that also work out as LTR.I am a licensed REALTOR who is investor focused.

The tables will turn

Hi Account Closed,Purchasing a pre-construction condo in Miami for the purpose of short-term rentals (STR) is a lucrative one given Miami's unique position in the global real estate market.

By limiting your exposure to banks and credit unions, you're leaving significant amounts of money on the table, along with superior terms (IE - 30 year amortization, partial-full term IO, non-recourse structure, etc.)Below are summaries of the Freddie Mac Small Balance Loan (SBL) and Fannie Mae Small Loan multifamily loan programs.

Because that may sway who and how you interact also.Plus what kind of money are you bringing to the table to do this, are you broke and hoping (it's purely an academic exercise) or do you have some De-naro to put into a project(???)

You can find a spreadsheet version of this calculator on the internet that will show you the principle and interest over time in a table.