Is there a guaranteed land lease renewal at a guaranteed price?

Keep in mind that you will probably be required to sign a personal guarantee of the loans.

You are still personally guaranteeing the loan.And you did the right thing by putting the assets into an entity, especially if there is equity.

Those are some amazing #’s in that short period of time.

Work with your attorney for what is needed to insure all subcontractors get paid by the General Contractor.Make sure the insurance covers Construction period and also materials.Talk with your Commerical insurance agent and they should address the above questions with you.If this is an older facility make sure your engineering firm has covered Fire Suppression systems and any Storm pond or drainage systems. 

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

Use financing but streamline contingencies and shorten contingency periods.

Unlike conventional loans that typically require a 12 month seasoning period, DSCR loans have no such requirement, making it much easier for investors to scale their portfolios.I’ve included an article below that outlines how DSCR loans can be utilized in BRRRR strategies.Also, I noticed you’re based in Florida, I’m in Tampa.

We are wondering what would be the best option to do with the property during this 6-7 month period, whether that be Airbnb or what other short term rental options might there be that could make more sense?

You're marking the equities to most recent returns, the reality is a real estate investment to live in is a guaranteed rate of return and serves utility.