Understanding the nuances between theory and application is crucial!  

For the 55+ aspect you need to know more info - any other stipulations to join, transfer fees, application fees, etc etc.Happy to help if you want to send me a dm.

The 'what you get' for the money factor is highly applicable from Brookings to Astoria and licensable STR coastal vacation rentals are still regularly attainable at workable terms, Luxury and oceanfront and lakefront properties tend to perform above the 10% of valuation in gross annual income for prime coastal STR's and as an example I've seen a $2.1 Million Oceanfront home produce $300k in gross annual income.

Requests for loans come in through our interactive loan application accessed on our website4.

And the holding deposit will be returned only in the event that I reject their application. 

I am in Milwaukee, WI and I use the WLB lease format to sign fixed-term yearly leases with my tenants. Additionally, I have a "Notice to Vacate" section in my non-standard rental provisions indicating that tenant and ...

The loans are underwritten based on current / projected rental income for the property and the applicants credit history. 

Property taxation classification doesn't change the property type and applicable comps.

It appears to just be a LARGE application fee?

Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.