Another circumstance is that they may realize they have ownership, but for some reason or another they don't believe they can sell it, which with rare exceptions generally isn't the case......they can almost always sell.These are absolutely great leads for newer investors because you don't have to have a huge marketing budget to pursue them, they are much easier to negotiate and contract, and much easier to access and show to investors because generally the heirs to the property will tell you to help yourself to viewing the property and inspecting whenever you want without them being present.  

At that time, RCA’s general contractor was given access to examine the units to pre-order all the materials needed for the 4 apartment renovations.

Of course you don’t get payment until the application and process is complete and approved by the committee then you allow them access and that’s after they paid the SD.

Besides additional training, you also usually get access to a network of like-minded investors who you could potentially partner with.

I have no access to the surplus in any way.

@Zak DolakHow important is access to the additional 100k to you?  

This allowed us to not only tap into the tourism market but also gave us access to traveling medical professionals and students as well that would provide long term tenants if we were prevented from continuing with the STR model.Although we still have a long ways to go to meet our goals, we are excited for the foundations we had setup for this property to this point.

Here are the details:Lower Floor: Already functioning as a separate unit with its own meter, entrance, and bathroom, currently rented to long term tenant who would like to stay, post-sale.Main Floor: Has its own entrance with immediate access to an upstairs.

Ask them if they own STRs in the areas you are interested in or have access to actual performance data in that area through a property manager or cohost

Or can they can be satisfied with their current situation and stop building early if they like what they see.So, it is a tool in my opinion and probably worth a whole lot more as a tool to gain access to capital and better priced capital than it is for anything else.