The issue with RUBS is that it is fluid and it hinges on the # of occupants and this poses issues: 1) A child uses less than an adult; 2) a worker from home uses more than one that drives to work; 3) A couple may have a child during tenancy which they fail to divulge; 4) friends and family may visit for a few days during holidays.... etc. etc. etc.  --- and... these issues become issues for the other Tenant and then turns you into the constant 'utility police' because you constantly have to monitor # of occupants... eww. 50/50 is simple and simply understood and 100% while vacant is also simply understood.

I too am a General Contractor and investor here in Spokane, although only a couple months in to the BP community. 

2-bedroom renovation into a crazy couples retreat! 

DM me and I'll send you a couple awesome lenders that I work with.

I prefer to hold unless you need the cash.

@Donnie M.We recently closed on a a couple of units in Enterprise.

After reviewing the city ordinances, I have a couple of questions about STR regulations.

I'd just make sure you have a VERY CLEAR SCOPE OF WORK no matter who you work with.If you decide to use someone besides your property manager, you need to have BOOTS ON THE GROUND that can view the property a couple of times a week at least! 

The client is seeking a minimum of $3,750,000 to pay off the first lien, but would prefer closer to $4,500,000, which would provide a few months of interest carry prior to the potential new tenant taking occupancy.

It was a tenant with a couple unauthorized cats that sprayed everywhere and we spent $9,000 on cleaning, flooring, and paint.