A "professional" tenant can draw out an eviction and and strip anything of value from the home, costing you tens of thousands without batting an eye.There are stories of people living in a home for over a decade without paying a dime.

No draws buy it sell it make the money..

However, these costs can often be added to your property's basis, which helps reduce capital gains tax when you sell the home.Once the property is officially a short-term rental, subsequent repairs and maintenance would likely qualify as deductible expenses. 

It sucks to admit that there wasn't tight oversite on the deal to ferret this out b4 the sale happened and its subsequent consequences and it sucks for your client that they have made, for at least the time being, an investment that is not going to be in the black in the immediate future. 

Bird in hand is better than 2 in the bush, especially when the two in the bush do not have the money.we are seeing a lot of companies now try and get seller financing and then arbitrage it to renters - similar to STR arbitrage but just arbitrage it with a loan and collect the rent and if the tenant stops paying they walk away and you are stuck with the home, the foreclosure and the subsequent eviction.

Typically, you'll have something like a 10 year draw period with interest-only payments, and then the balance is amortized over 20 years.

These kinds of developments can be huge draws for both residents and investors.

Then once you have your goals articulated you can draw out a road map that will get you there in time.

Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.

A subsequent cash-out refinance of the replacement property (e.g., $250K on a $1M property with a $500K loan) is treated as a loan and generally has no tax implications related to the 1031 exchange.