Will it be a property to live in yourself or to rent out, have you thought about any desired ROI, your buying power capabilities, etc.There are a lot of people in this post that can give you a hand of direction towards certain places/markets.  

The more full Doc a loan is typically there is more documents, scrutiny, and ultimately a longer closing time frame where as a private bridge note can fund in 1-2 weeks the full doc rehab loan may take 40-70 days on average depending on a host of variables (your General contractor's documents, the appraisal, scope of work, etc).Its imporant to figure out what you're trying to do, what deal you have in front of you, your capability in terms of all loan products from DTI focused ones, the bridge private ones, your time frame to close (the type of seller you have before you), and execute with the best game plan.Best,@Matthew Kwan@Carlos Valencia

I assume I will need to get new insurance that will cover and have a clause about short term rental capability?

If a buyer has the financial capability to handle possible temporary negative cash flow and ability to refinance in the unlikely event the note is accelerated, and the seller has the ability to do a background check on the buyer and reach an intelligent decision, then the benefits of a real property transaction without the expense, time and qualifying necessary to obtain new financing and perhaps the benefits of a lower interest rate can successfully accrue to the benefit of both parties to the transaction.If the buyer is an undercapitalized inexperienced recent “graduate” of a guru program and the seller is willing to sell to anyone, whether breathing or not, then the transaction has a high likely hood of ending in disaster.When both parties are knowledgeable and understand the risks of the transaction, nobody is “taking advantage” of anyone else.  

Do you think they hold better ROI and long term investment to put on a SFH house hacked property that has enough space for the ADU or do you think it’s better to do the shipping container route for $20k?

I guess my concern is is there any capability for vetting guests on GVR prior to confirming a reservation?

Like the saying goes, a rising tide lifts all ships, but when the tide goes out, you can tell who’s been swimming naked.

Do you think they hold better ROI and long term investment to put on a SFH house hacked property that has enough space for the ADU or do you think it’s better to do the shipping container route for $20k?  

I like to think most of our agents also know we are capable of being wrong, and sometimes things cannot be uncovered with any amount of due diligence.

Whenever I have friends tell me they want to go to the Bahamas, I say forget the big cruise ship to Nassau - that's a waste.