You might think about these options: -Set Clear Expectations: Email them a formal request for updates on applications and marketing efforts with a deadline for response.

I had it up and running in less than two hours and already had my first reservation via Airbnb.As far as the co-host goes, I am moving forward with the VA option to co-host with me.

If your friends have a rental they should hire a tax professional. 

Option A would allow me to keep it as a long term rental .

I was just telling my friend today that I'm getting multi-family, high performance, and relationship mentoring all in one package! 

If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved). 

I wanted to get your take for the Bristol TN area.Thanks in advanceChris Your biggest issue would be having available options after a claim.

What other options would be good?  

These are great for experienced flippers who can handle the tight timelines and costs.Private investing usually involves individuals funding your deal, like friends, family, or networking connections.

Would love to connect with you and explain our options to advance your projects forward!