Hi All, Does anyone have “boots on the ground” knowledge regarding the status/chances of getting an STR business license in Newport after the freeze on processing applications is lifted?

Desert landcape no major frost freeze issuesconstant over flow from high tax states CA OR  . 

I was having a brain freeze when doing cap rate I /the numbers in the reverse order.

This would of course freeze the downstairs tenant that works nights.   

The first heavy rain thereafter the basement fills up.If the pipes freeze up and burst, well, that certainly doesn't help.

Also, flexible liquidity can be good, but there is also a very big downside to this....though I imagine there is something in the agreement where the sponsor can freeze redemptions in certain situations.

Yet they turn a blind eye to property tax freezes, which penalize new buyers.

If your narrative is correct, your tenants like freezing cold and the AC was fixed before it got too hot.

If the Lender uses a virtual office, you can verify who holds the virtual office with the virtual office company and check the principal office address listed with the state is connected with the person or company you are speaking with.Lock/Freeze your credit to lower the risk of someone opening accounts in your name (FTC info on credit freezes https://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs).

If he files bankruptcy and you have not closed the purchase you will wait for a freezing cold couple of years to get him out.Get him working, some kind of side gig.