I have an unfurnished property in Florida that needs to be furnished and ready to go for seasonal rentals for 3-9 month rental periods.

Should we begin the LOI phases before the 45 day selection period begins or wait until the 45 days starts to send out LOI's? 

These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

. - 2024 UPDATE! 

I think many people have heard lately that an extension has been in talks but haven't heard an update.

I am interested in getting these loans to put solar in, taking the tax credit and deductions up front, and then paying back the loan over a 20 year period. 

It's updated yearly and is the best $40 you'll spend as a Landlord.

You could also maybe use a right to continue marketing clause where you can kick out the other buyer if they do not perform in a certain period of time when a stronger buyer shows up.No legal advice given.      

Hey @Nick, any updates since this post?

As summer winds down, here’s a look at how things shaped up this season.
Most property managers reported occupancy rates being down by 10-12% year-to-date. August was hit the hardest, which makes sense given that man...