:cool: Something must be getting lost in translation here.

Offering a grace period is basically asking them to send the payment later. 5 day grace period translates the "rent is due on the 1st" into "the rent is due on or around the 5th".

That would translate into about $100,000-$120,000 depends on the down payment, interest rate and tax level, etc.

The translation is that they don't have any money with which to lend.

I would make it my goal to speak to 3 to 5 sellers per day, that should translate into 3 to 5 deals per month.

I'm hoping this translates into strong rent demand/growth in the next few years.

Be careful whom you pick, though: Over the last five years, virtually every sponsor has looked like a hero thanks to strong rent growth...Generating $250k with $2 mio. equity translates to 12.5% cash-on-cash return before income taxes. 

Translated, a straight buy and hold will take some work to find and negotiate. 

I can tell you about my experience with furnished rentals in Denver, but it's probably not something you can translate to the Jacksonville market as every market is different.

This translates to an Airbnb guest from out of state as ‘dated and unpleasant’.