Pref equity makes no sense because if the LPs are essentially wiped out already that would put pref equity too high in the capital stack.  

As I mentioned above, I never understood CFD's in non-judicial states, they make sense in places like Indiana, Ohio and some places in the midwest but in the south, they are essentially useless.

My thought process is we could essentially treat the HELOC like a mortgage on the property that will be paid off in June.

Mortgage Loan Originator Career: Essential QuestionsCompany Culture & Support: What kind of work environment thrives on growth? 

Essentially, you'd be clear of the mortgage +10K upfront, and then you are seller financing the other 100K. 

Most investors walk a building, identify windows and other benchmarks and rely on these elements in coming to their own conclusion on unit layouts and unit count.

Always brings up the age old question: Are STRs really contributing to any element of a further housing crisis, or is this hotel lobbyists just pushing their own agenda to get more money in their pockets?

Essentially, it is not an automatic thing. 

-Add Decorative Elements: Small touches like a charming birdhouse, a unique garden sculpture, or a stylish outdoor rug can add personality and charm to your home's exterior.

Understanding these rules is essential for investors seeking to capitalize on the short-term rental loophole while maintaining compliance with tax regulations.