Stick with sponsors who specialize in a specific niche and have a proven history of success.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

In other words, if there are attorneys who can afford to specialize in just prosecuting dog owners for dog bites - then good luck defending against them.What I learned when I was studying law, was that if there is any history whatsoever that a dog has ever bitten someone or a dog before, then no matter the circumstances, if they bite again - they are automatically guilty.And, even as a dog lover, you and I both know that some breeds are more likely to bite than others.  

With many heirs and a 50-year history, you have no idea what skeletons could be hiding in the closets.

Based on my previous investing history (completely unrelated to real estate), I would describe myself as a buy-and-hold kind of guy.

In 2023 before I invested any funds, each and every time that I spoke with their representatives, I asked as my FIRST question if Norada Capital Management had ever missed any interest or principal payments, and was always told the same thing by their representatives, that Norada had a perfect payment/reimbursement history.

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

Show the lease agreement, show his rent payment history, and show any written evidence from the tenant that he admits to being late/unpaid.

Hi Margie, Yes you can absolutely export your deposit and transaction history.

What I did find is that as a builder in eastern tennessee, I could build STR cabins for less than 70% LTV so that I could effectively BRRR my way into growth without coming out of pocket for a down payment.Now it does take a lot more cash to do because as a builder I have to front a lot of money at times (land, permits, each stage of construction while I'm waiting on the draw).