Is there something you can do to get to cashflow positive sooner than later?

It seems to me that any addendum signed later after the initial lease may create a messy situation. 

Also, banks normally only lend for holiday homes, not for rental properties but a holiday home can mostly be a short-term rental or become one later.5.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

It’s better to build those numbers into your pro forma now so you’re not surprised later. 4.

For me, the later option sounds more reasonable, cause the exteriors are covered by the HOA.

Property expected to be completed 6 months later in September.May 2022 - Concrete block delivered.

So, if you bought  a house for $300k and wanted to sell it 2 years later you would need to sell it for something like $600k to break even and cover that HUGE mortgage interest penalty.

Can you then decide to list and sell the house two months later...yes.