@Eddie Miretsky - Makes total sense, there are definitely other opportunities out there that would fit your goals.

Renting for top dollar gets you less rent overall when the tenants turn over yearly and it takes you extra months to fill the vacancy!

Housing affordability is a top issue in the presidential election and has become a focus for both major candidates.

On top of that I love how they say keep your job and do real estate well in my eyes the best way to juggle that is with LTRs if I were to get in to the STRs I’ll just buy a Hilton and quit my job…… easier said then done.

Generally you get top tier loan pricing at or below 65% LTV.

Without a PM you can afford to pay top dollar for service professionals as needed.  

First floor 2 bed 1 bath and ADU is on top floor with its own kitchen, 2 bed and 1 bath. 

It has to fit with your business model and budget.

In your case, if you are borrowing the rehab money, I would reach out to lenders on here through the Lenders tab up top and get quotes on refinancing the property into a rehab loan.

Making it mandatory on top of the management fee ended up pricing us out of our market.