So consider how long the lease-up will take:Is there so much rental demand that you can show it during the late stages of reno and get a lease signed?

Looking to connect with like-minded individuals on this platform, or those who have gone before me and can share their Dos and Don'ts from their own experience.

Ironically it's normally the individuals who go to the greatest lengths believing they are protecting themselves who are the most reckless in the way in which they operate their real estate.

So, you, as an individual, may not get to the same rate that a MASSIVE national builder can...but you can certainly offer credits to the buyers to help buy down the rates. 

Hey @Mike Pepperday, AirBNB and VRBO are your best bet to see what kind of demand there is for STRs in general.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Gray area interpretation up to individual courts which have rendered seemingly contradictory decisions.  

When they get that commission check That's the benefit of working within a group that is QB'd by a single individual cause any new member gets the benefits already mined by the group.Financing Options: What types of loans or funding sources work best when scaling quickly?

Expanding to nearby areas with lower costs and strong rental demand can also make sense.

Requiring the homeowner to replace the pipe individually would seem like a huge octopus of inspections and enforcements and etc.