However, there’s a due-on-sale clause risk, so proceed carefully.A lease option (rent-to-own) could also work if you need time to qualify for a mortgage later.

This gave me time to get the house super clean and rekeyed before handing over the key to the new tenant. 

My worry is that since he has built a 16 year track record of always paying his pref and returning capital on time, that he is now overleveraging.Does anyone share this concern?

This would be a waste of everyone's time and money.

Investors who take the time to define their ideal guest make smarter design and amenity investments—which can directly impact ROI by up to 53%.👉🏾 Which guest type best fits your STR?

Your painters will save tons of time from having to cut in walls and tape off trim.

You are asking people to clean the toilet, shower, kitchen, dust, vacuum, sweep, before they leave, which will take a long time. 

Since the seller is behind $20K+, you’d need to clear that debt first before proceeding with the assumption.2.

In my free time, you’ll usually find me working out at the Y or hiking with my dog, on one of Nashville’s many trails and greenways.As a CPA with over a decade of experience in corporate finance in the insurance industry, I understand the financial side of real estate inside and out.

In other words, you get $1.6 million in commitments and call for 37.5% at closing and the rest when it’s time to start construction.