PS since I work as a capital partner just like the guy your using now. there is huge benefits compared to borrowing from HML or PML.. the benefits are basically if the deals start to wobble you have much more flexibility to work them out with your capital partner then U do a HML PML who wont show you the same flexibility.. mainly because they cant they are tagging their wholesale lines and there are rules for using them that your simply not aware of as the end buyer but will become very aware of if a deal cant be paid as agreed for any reason.  

Assure them that as long as they're happy living there and pay their rent on time each month, you aren't planning on doing either right from day 1.During this conversation with the tenant, also ask them if there are any maintenance issues you should know about, or things they would like fixed up - this will have the dual benefit of giving you the inside scoop on any deferred maintenance issues that the owner themselves might not currently be aware of, as well as giving you some ideas for improvements you could make that would give you cover to raise their rent in the future. 

Take a couple of days to look over my strategy and let me know if you feel like this is a good relationship that will benefit both of us. 

Lower rates could stimulate buyer demand, benefiting fix and flip investors.- Market variations: Different areas within the Bay Area are performing differently.

On the flip side, local governments that have already discussed STRs put in place favorable regulations which allow your STR to thrive, thus allowing their area or city to benefit from the tax revenue.

I would also include a weekly cleaning service of the common areas (again included in the rent, so paid for by tenants indirectly). 

It can be a great option to subsidize your housing costs, gain appreciation, and benefit from someone else helping to pay down your loan. 

Originally posted by @Cory Lucas:@Jay Hinrichs he said it was a 6 month commitment...well then 6k to figure out if you have any benefit..

Income is born from defined benefit retirement pensions ($250k/annually with 3% annual COLA) and the remainder is from W2 employment for my wife and I.

Let me know and I can put you in direct contact with them  Quick closings.