Use Series LLC to handle management activities, including collecting rent and signing leases.

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

Hey @Buck Dabill, it's difficult to say without the data, but we would assume if the property is on a lake (especially one used for fishing or summer activities) you could demand a higher nightly rate.

I was thinking that the post card thing was worn out, but maybe if one targeted the postcards to reference only addresses that were actively seeking renters on Zillow or Redfin, one could avoid all that waste that comes from blanketing every address in a zipcode. 

My company is actively scaling in the multifamily space, and partnerships are at the core of what we do.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

My main concern is how to avoid activating the due-on-sale clause when transferring the deed.

Many have an unfavorable outlook on the 5+ unit market for the next 2 years or so, while there are a few who are still hungry and actively funding deals in the space.  

We're always looking for active wholesalers and investors to work with.