As for the guest experience, a lot of Airbnb hosts in Cancun don’t offer complimentary streaming services like Netflix, Prime Video, or Disney+.

I personally would never borrow money from a bank or private investor if there was any chance of losing it. 

Every bank I have worked with on the lending side always requires builders risk policies.

.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity. 

Anyone anyone buying these is a commercially minded buyer and has a clear requirement for cashflow.Sidenote, while banks and realtors consider residential 1-4 units, the county only sees residential as 1-3 units.

DM with questions, our bank originates these loans.  

We used a HELOC from First Bank and they were great to work with in getting us a HELOC at a great rate. 

Ali,If you want to learn some of the tips and loopholes on the finance or banking side feel free to reach out or send me an email. 

We use a 3rd party company that specializes in only property management trust accounting (nothing else), and they reconcile the bank account every single day.

There is always a chance that rates will drop, but I would imagine $25K would buy down the annual rate so significantly that you would never see a lower rate offered by a bank so you wouldn't even think about refinancing.