You might choose not to renew leases, make improvements, and then raise rents after taking over.

Then over the course of the first year or so, if you could raise the rents by a total of $1k/mo (they are currently $2k, $1k, and $1k), then you might be able to pull out about $60k-$80k in a cash out refi. 

The tariffs are another thing that's gonna significantly raise material prices.

Personal raise How did you add value to the deal?

Putting in a ramp, adding grab bars in bathroom, raising the sink height, etc.  

Like mentioned it's also beneficial to keep up to date with what's happening in the area your STR is located, and make sure the decision makers are aware of hosts and what they bring to the community.

This lack of responsibility and fairness raises serious doubts about the integrity of the program.Additionally, Kristin Witherspoon has also demonstrated a concerning pattern of wrongful terminations.

Early last year, one of our borrowers, an extremely experienced rehabber who had recently been diagnosed with diabetes, informed us that he’d been in and out of the hospital so frequently that he wouldn’t be able to complete the flip we had loaned on as first position lenders.We were aware that he had borrowed an additional $110k from a second-position lender.

It is my understanding that the LLC and DSCR loan being in the LLC still protect us if we were to get into any type of litigation with renters but wanted to open it up and see if there are any watch outs I am not aware of?

I think it would be awkward if you raise the rent after a year, might cause conflict between you two.