The permitting fees will also be a a couple grand (figure a few hundred per department).

We are in a small town, but if we do end up doing a virtual video then I will hundred percent make sure you get it!  

I have talked to hundreds of clients regarding real estate lending, and a lot of people are still not aware of what is out there! 

I feel Ike they pivoted quite a bit in the last few years since city and subsequent county license requirements spurred an STR plateau and the motivations are a bit deeper and multi-purposed now.Take parallel economies, such as Uber/Lyft, the ONLY two TNC license holders in the state and each year pay an excise tax of a few hundred thousand a piece, if not more (just for the permit, not including the whats taken from drivers).

My guess is there will be dozens, hundreds, or thousands of case studies to examine a few years down the road to use 20/20 hindsight to evaluate outcomes.On your second question about extending grace vs being tough: that also depends.

I have done hundreds of deals in Clearwater.

I have a giant sheet with hundreds of lines of info: OpEx, transaction costs, holding costs, contingencies, rent forecasts, etc.

I would never pay a few hundred bucks a month for something like this and would not recommend it to anyone either. 

Even if I go up to 50% equity, and zero out my vacancy factor, cost to lease, R&M and CapEx underwriting, I barely turn a profit (a few hundred a month).

VacancyNon payment of rentRepairsMaintenanceUtilitiesIf you'd like to get an understanding of this business you'll need to do what I told Lenza to do and watch the hundreds of hours of content I've produced explaining the intricacies of these variable expenses, what to look out for, why things shift, what bad tenants do, what good tenants do, how to reduce risk, why you can't avoid risk etc.....It's clear Lenza is lost on how this business works right now, if you're in the same boat as him you should check it out.