You need to do an inspection to itemize his security deposit, and the less crap there the easier to see the true condition. 

The low purchase price of $93,000, combined with the possibility of adding value through targeted renovations, made it an attractive investment opportunity.

By making targeted upgrades and ensuring the property was well-maintained, I was able to enhance its appeal to prospective tenants, thereby increasing occupancy rates and rental income.

For me I use; 2nd lien on target property or cross collateral property deed of trustJV agreementPromissory NotePersonal GuaranteeMay be over kill, but I am fine with it.Also if you ever foreclose on a property that has enough equity to cover your loan I assume the 1st lien gets paid and then the rest would go to the 2nd position or is that not correct?

We identified key areas for improvement and implemented targeted upgrades that enhanced the property's appeal.

Also, you must familiarize yourself with local laws and regulations regarding STRs to avoid purchasing in areas that are not STR-friendly, which could save you from legal headaches and poor investment choices.Another critical strategy is staging your home to appeal to your target guests.

I sent you a facebook friend request as well, easier to talk on there

Could you provide a golf cart to make the 1 mile to the beach easier?

One key differentiator is first time investor vs. first time homebuyer - it will be much easier to qualify as a first time borrower for an investment property loan if you own a primary or at least have done so recently

@Femi IbrahimFrom what I’ve seen New Western is targeting new and inexperienced investors and then sending them deals where they have to close quickly.