We felt the property was ONLY good for that purpose, which may or may not be a good thing, but for us, it was not really what we were looking for.We did find out that not all properties in that area can legally be run as vacation rentals, it has to to be permitted for that, and from what I was told, getting that permit for a home that does not already have it can be a lengthy process.  

Is it arms length? Is

I'm overdue for a trip to one of the monthly meetings so I hope to see you soon.

Are there any lengthy contracts with Section 8 regarding the building? 

Abel, Sherman, I highly appreciate y'all taking the time write such lengthy and helpful posts.

And then the lender puts on a VERY expensive forced place policy.With a lengthy rehab, better to buy an "empty house" or "builder's risk" policy than an ordinary landlord policy.

I love downloading these shows and listening to them on my lengthy commutes to and from work.

Here's more information that should answer your questions: There's no lengthy enrollment process.

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter. 

Hi @Harold Rutila, I would avoid any lengthy rehab for a BRRRR, you gonna need to use Private or Hard money on your acquisition and rehab since the conventional lenders won't finance until it's stabilized.