Moorestown Mall will welcome Parky’s, a two-story entertainment center, in early 2025, while Neshaminy Mall signed its largest lease since 2017 with Fusion Fitness, an athletic complex opening mid-2025.

I initially planned on doing month to month lease for incoming tenants just in case I need to let them go if they end up not being the right fit.

The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

It's a strategy that has grown in demand *because* of the higher interest rates due to the higher potential income (vs traditional 12+mo leases). 

My goal is to find a vacant mfh but obviously if that isn’t possible then I would just not do renovations until the tenants lease is up.2.

I only recommend this route if furnishing the STR is not the long item.  

I paid $260,000 and just knew I could sell it for $400,000 - $500,000, or if I chose lease it for $10k per month.  

Your lease is with them and they enforce the house rules.  

Builders and institutional investors have responded with a number of build-to-lease projections throughout the area.