The investors in the secondary market have a very good grip on the prepayment risk associated with a drop in mortgage rates and use pricing or yield to offset this, which is why you so often hear of borrowers paying points and lender fees.

The initial heartburn of lost reviews will likely be negated by more bookings (because guests don’t often like booking from large companies like Evolve) and hopefully better reviews with you as PM.

In reality, you're not going to want the kind of tenants that want what you have to offer but aren't in a position to buy.

These developments often need to deal with changes in ownership groups.

When an individual with an LLC is sued, the lawsuit against them individually is often due to actions they took individually, NOT as an officer or member of the LLC.  

@Tyler Rayman I do medium term rentals in my multifamily (8 units altogether) and rent often to traveling nurses.

Once the initial setup is finished, how often do you visit?

Often times, I advise folks to start with HML or PML and the refi into a DSCR loan with a bank/CU when the property is stabilized.I am going to assume that a HML/PML loan would be at a higher cost/rate than a bank that would play ball, so I would prefer that if possible...

Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.

You'll need patience as these opportunities don't come often, but it can be done.