So in the words of Clint Eastwood: "A man has to know his own limitations."

You could structure a low down payment with interest-only payments for a set period, then refinance later.Master Lease with Option to Buy – Control the property now, generate cash flow by leasing it, then buy once it's stabilized.Sub-To or Wrap Mortgage – If there’s existing debt, you might be able to take over payments or structure a wraparound mortgage to benefit both parties.Hard Money or Private Lender for Reno Costs – If you secure a seller-financed deal, you can use private or hard money for the rehab without tying up your own capital.BRRRR Strategy with a Bridge Loan – If you can get the purchase price down, use a bridge loan for acquisition and rehab, then refinance with DSCR or conventional financing.Would love to hear more details to help structure something solid.

It was a true trade-off as the Logan area is more limited in STRs and new builds so ADRs are higher and likely to stay there compared to RRG where the market is headed towards being flooded and there's the potential of ADRs going down like in Gatlinburg/Pigeon Forge area. 

You can also not include those extra spaces, and then you simply have some association spaces that are excluded from calculating the percentage.In my admittedly limited involvement with the leasing exhibits etc, my experience has been that again it depends.

As Nick said, just confirm prepayment penalties for your loan type in case you want to refinance.In IL, duration of prepayment penalty is limited so the penalty can be higher at times

Masthope had been rumored to be limiting STR, but it seems they are keeping their eye on the fallout after the big court win in Lake Ariel - https://www.timoneyknox.com/reversed-short-term-rental-regul...

I have learned that in today's world of information you do not need to limit your investment to just markets you live in or normally travel to. 

I have a Capital City Visa card with an 18k credit limit, so to be safe I only put $17,400 as the amount to wire.

With rent control in NJ, yeah, it’s mostly a waiting game if tenants don’t leave.

For instance, knowing the income limits, family size requirements, and the types of properties that qualify can help you make more strategic decisions.