However, there are lenders who offer more flexible terms or even no prepayment penalties, depending on the deal structure and your investment strategy.To find such lenders, here are some options to consider:No Prepayment Penalty Loans: Some lenders, often private or portfolio-based, offer DSCR loans without prepayment penalties, though the trade-off might be a slightly higher interest rate or fees.Yield Maintenance or Defeasance Alternatives: Ask about other prepayment structures like yield maintenance, which can sometimes be less restrictive depending on market conditions.Custom Terms: There are lenders (like us at Phoenix Funded) who can structure loans tailored to your needs.

(If you made an offer on a 20 year old home with a 20 year old HVaC and the inspector says it only has 5 years left.

They offer income-insurance (Only compensate for canceled Airbnb Bookings), offer Smart Locks (Only for Airbnb Bookings), Pricing (Only for Airbnb Bookings), Task Management System (Only for Airbnb Bookings).

Ask the seller's agent to put their counter offer in writing.

Also, consider the impact on your liquidity—ensure you won’t need that cash elsewhere during the project.Off-Market Deals: These can offer better margins.

This helps keep demand for rental properties high and offers some stability for investors.

Each exit strategy offers numerous advantages on both sides. 

That kind of restriction just doesn’t work for someone like me.I’m trying to figure out if I might be missing something in how I’m approaching this or if others have insights or examples of towns that not only allow STRs but also have laws that offer enough flexibility to operate in the way I’m aiming for.Many towns technically permit STRs but impose restrictive rules like membership requirements, ownership duration limits, or rental day caps, making operations challenging.

I closed on less units in 2024 than I did in 2023 but I put in a solid offer on a new deal this evening.

If it's a matter of a quarter point but the more expensive debt is with a bank that offers better other terms like amortization and LTV, and they have a rock star loan officer, I'd go with the slightly higher interest rate product.2.)