I believe that to be the most common practice at least in my market.

If there are hiccups along the way, such as a long vacancy, my staff is trained to call or email the landlord with updates (weekly is the default, but some landlords don't want that).A five-month vacancy cost you $7,000 in lost income, plus utilities, landscaping, and other expenses.

These are true STR expenses listed, not the typical “oh, you just have to pay for your mortgage and utilities” logic some “gurus” teach.

This is very common in Philly as there’s a lot of older homes and the city is working to gentrify certain neighborhoods.

There are banks out there that offer lines of credit for GP stakes, which many established syndicators utilize and draw on to potentially fund their follow-on offerings.  

They have all utilities on the property so we use electrical and then every couple of weeks we run a water hose to an external tote we use for our water.

The rent is $2345+$50 pet fee excluding utilities.

Do you have zoning permits, building permits, utility approvals?

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

There is capital in the system to be utilized.