In some cases the bankable borrowers conscientiously choose to fund their projects with alternative lender because they  can achieve better leverage, won't have to maintain a set depository relationship with a bank, or they need to settle quickly.

Market Considerations: Given the 12-14 month holding period, how much does your target IRR change in a fluctuating market (either rising or declining)?

Any help is appreciated as I'm trying to get a better grasp on evaluating short term rentals including the steps you go about to finding your target markets.

One flip in the next year is very achievable.

In 2020, I added wholetails, novations, and double closes to my toolkit, which allowed us to consistently achieve higher profits and scale our operations effectively.

It’s been an awesome program that I believe was correctly targeted to help those who need it the most and also boost supply. 

.- Mobile’s low cost of living and doing business provides a desired aspect to renters that can’t be achieved elsewhere, which provides a steady influx of renters thereby decreasing vacancy rates.

We wouldn't want to sacrifice that, but I am really interested in the profit sharing option as mentioned in your post, if it can be achieved without sacrificing the step up. 

Bad news does not become good by refusing to answer it.So let’s start with this: are you targeting owner occupied buildings? 

Market Research: What methods do you use to analyze and understand your target market?