I am using Evolve a property management company.

With prospects of the market ever evolving, lenders have lowered their LTC’s to 90 and then 85% for the best qualified folks.Some newer fix/flip’s are only getting 75-80% LTC because there is more inherent risk with newer people who have never done a full gut rehab or renovation so terms can vary based on your experience, liquidity/cash availability, and the project can be case by case (ARV prospects - After repair value).Hope that helps.

Undoubtedly, they will take this opportunity to evolve your atrocious piece of legislative tripe into something far worse.

It has seemingly evolved into a city run or outsourced money grab and bureaucracy that puts the burden of years of poor municipal management on the backs of investors.

I had the same logging company check out the small wooded area of the 4 acre parcel and was told while small, it had good species in there and he could me what would amount to 10% of my purchase price of the investment flip.

This wasn't the original plan, but has evolved into something that works very well for the business -- and saves us money.

@Wendy Schultz the other option is Evolve at 10% but then you’re dealing with a company based out of Colorado and what do they know or care?

I would say give the STR a go... and hire a company at first to manage it for you like Evolve and if you hate it, you could switch to LTR.

What started out with my obsessing over pricing and watching cameras has definitely evolved into less than an hour a week as I answer a couple of questions and pay the cleaners. 

We met with a management company (Evolve) yesterday evening.