How are you handling the new LAIC requirement in Cleveland?

OwnerRez – A comprehensive PMS (property management system) that handles bookings, guest communication, and even direct booking websites. 3.

If you want to document how you handled unique situations that could be sensible.

I’d challenge you to go approach any sponsor and and ask them what percent of the deal they’d take.

I am not sure how to handle this situation?

It is challenging to build an underwriting box for something that fell outside an underwriting box.

It sounds like you’ve navigated some serious challenges while staying committed to your long-term investment goals, which is a testament to your resilience.The current market definitely presents challenges, but it also holds opportunities—especially for investors who take a strategic, long-term approach.

Hey @Jaycee Greene someone on our team handles the acquisition and lending/banking portion, we only do the monthly bank draws for construction costs!

@Samuel Coronado - the challenge is that there will likely be a very small number of renters looking for a house that size, as well as that can afford a rent amount that high who won't just buy otherwise. 

And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.