CRM comes into play here.

Your dad may be the Executor of you uncle's probate estate, but he'd be the Trustee of the Family Trust.A number of different things may come into play. 

Your approach to real estate investing is both strategic and pragmatic.

With several large cities within driving distance 6+ hours - the demand for recreational activities I believe is a safe play without the requirement for airfare. 

I put $40K into restoring it and played up the theme that it was the old.

Unless you are in a vacation area, I would never buy a STR that does not work as a LTR.Regarding another pandemic, we have one like every 100 years, so I am playing the odds that we are not going to have another covid lockdown situation anytime soon.

Make your value add plays effecient and effective.

That plays a role.3) Where this gets complicated is you are doing commercial financing.

Seasoning periods can also play a significant role in determining which refi option is best for a cash-out.

You may pay a bit more and make a little less, but playing the long term game is key in real estate.The types of structures could be lump sum (one price) or cost plus (meaning you pay the cost of material and labor plus a flat fee—more of an open-book model).I see some investors who want to pay for ALL the materials, which is excellent for the investor (more control of finishes & cost) and general contractor (if they are getting paid well).