We also had a transient tax and municipality as well.

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

We do well with ours in Denver and Colorado Springs, for instance.

. - I have talked to them as well.

.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.

Timelines, budgets, quality of finishes, they all need to go well for your exit and if your in bed with a GC that only cares about himself then all those things will not go right for you, but he'll still get his money.People really underestimate the following:1) The cash they need to close and carry the project2) How hard it is to have a GC stick to what they promise3) How long it may take to exit through a sale

I've done a lot of value add as well so that helped speed up the process.

If structured well, this can be a great way to get started without much cash.

Be sure to save every text or other communication with him and the remediation was done properly (and whatever caused it has been taken care of as well).

if you were only going to rent out a portion of the house as an STR that portion would have to be worth more than your exchange as well.