Many are underperforming the under writing.  

Long story short, cosmetically ugly and out of style is fine, not functioning isn't and WOOD ROT is a major no/no with FHA and VA appraisers.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

No lender, DSCR or otherwise will write you a check for $3mm without a certain level of confidence that you will not run the property into the ground, since that is their collateral for the loan.

I just sold my business and in looking for ways to offset capital gains taxes stumbled across a strategy in which a STR can write off all depreciation in year one via a cost segregation analysis, thereby reducing taxable income greatly for a specific year.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Now I am looking to find hard money to keep moving on light rehabs to buy and hold BRRRR-style.

There are basically 3 types, overnights (catering to RV's traveling along interstates), destination (resort style parks that people vacation at) or long term.

You could write a simple statement and have all parties sign and date:"Landlord and Tenant agree to extend this lease with a new termination date of June 30, 2025."

I can’t even seem to write a deal with inspection contingencies at this point so… Personally, I would never take that amount from a relative to “invest for them.”