So, the common person may ask - well how is me funding the rehab myself any more risky for the lender/why would they want to limit leverage?

A common mistake in my area is to ignore Hotel Occupancy Tax.

Florida's treatment of security deposits varies from many states in that it is required that a security deposit be kept in its own account in a Florida bank.

When I said size doesn't matter as much I meant for STR you don't need massive rooms, larger common areas, etc.If you went MTR you might go further away from RTP and go for higher bedroom count, for less appreciation on average.NOTHING about this post is gospel.

If they are on the deed, the property is owned as 'tenants in common'.Is there a tenants in common agreement?

In fact, I don't think you should charge ANYONE because it was YOU who accepted that the switch is located in a common area. 

These are also the banks that are more commonly relationship lenders and will allow your originations to out pace your balance sheet if you are consistently able to execute on the projects they fund for you.

@yu liu, I believe management fee is 25% for my contract but every contract is different. 20-25% is very common among the vendors I looked at.

(If there is a PM, who will manage the PM and the oversight).Who will take care of the partnership return or forward the tax information if its a tenants in common property.Best of luck

I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.I'll also throw in my 2 cents on common differences I've seen in my career:CDFIs - Because of their subsidized financing structure, they have the ability to be a low cost lender (and sometimes provide grants).