I was just telling my friend today that I'm getting multi-family, high performance, and relationship mentoring all in one package! 

They will take the permit fee and send an inspector that will provide some assurance that the work was performed correctly.

The two common ways to get rents up is 1) to move qualified family into the unit for a year 2) perform and extensive rehab such that tenant occupancy is not possible. 

but with that said, it seems like you're assuming OP will be able to have a high performing / top performing STR (which i think we would all agree would beat unleveraged market returns.) 

I can really empathize, I've been under the knife many times.FWIW So far my kiln dried lumber is still going down & I only by American made electrical materials from Schneider corp.

Quote from @Emily Gowen: I only recommend investors sell when they can move the money to a better-performing investment or when the sale moves them closer to a specific goal.

I personally wouldn't buy an old home as a rental, I only buy 1980 or newer for myself, all of my properties are in the north part of Gilbert built between 1985-2003.

So you shouldn't count on appreciation to justify under performing STRs.

You will be performing mortgage fraud by not including them on the list of contractors who worked on the property when the title company asks for the list of contractors.

A new build needs to perform better than that to make it worth your time, all the risks and capital concentration.thanks for the advice everyone and would be happy to connect with you: @Bryant Brislin @Dave Wells @Leilah Davis @Joshua Stewart I have been building 15 to 20 spec houses a year now for 7 or 8 years..Just curious, generally from start to finish, from closing on buying the land to collecting a check after building the house and after escrow, how long is the process taking you?