I think your proposal for splitting profits makes sense, but I would define a time period and write up a contract.

>>Actually, Basit, a DSCR [debt service coverage ratio] loan relies solely on the subject property being able to support itself; that is, does the cash flow support the proposed mortgage payment? 

We proposed to replace the fence between our two properties.

You start dating, all is well, then just when you propose she starts to nitpick you about everything. 🚩🚩🚩 Walk away and don’t look back.

@Logan Fullmer Tobyhanna is proposing to make 10 guests max and 7 nights minimum 

Both cities just enacted some rent control legislation you'll want to make yourself aware of, and there's plenty of good forums going around BP about that. 

I would propose a better way of evaluating real estate and that is to take the difference between the CAP rate and prevailing interest rate and use that to evaluate whether something is a deal or not.D = CAP - %APRThis would allow you to calculate the spread which is directly related to your debt assisted profitability (like a cash on cash return).You can vary what “D” you will accept based on the normal factors you would consider when thinking of the CAP rate (location, building type, number of units, financing, deferred maintenance, etc).You could also rearrange the equation to calculate the CAP to search for opportunities and how to offer for property:CAP = D + %APRIn this case, you can actually figure out the CAP by knowing the “D” you want to get for a given location, building type, etc and understanding the financing available to you and other investors for the opportunity.Any reason this is an inferior approach to CAP rate or cash on cash return?

There also is a need for STR owners to start fighting these proposed restrictions.

He walked the property and made the proposal.

San Diego, like many cities across the country (now), just passed some legislation on short term rentals.