They have to recognize risk versus reward.  

However, lenders may have slightly different terms for a new purchase versus refinancing a property after renovations.

The comparables are sometimes off by $50,000+ versus what they actually sold for. 

@Bob StevensI was making an assumption that rent was not up to FMR For example in my county if you forget to ask for your yearly raises the dispersion becomes massive and eventually FMR changes can be drastic YoY for a new packet versus keeping an existing relationship.   

Nothing about seeing homes, learning about renovation budgets, understanding why basements are important when looking at homes, areas of interest versus data maps.Take a pause and ask yourself what you are trying to accomplish after one course on real estate investing.

I’d love to hear why some of you might lean towards one option versus the other!

., I can only comment on reporting of sales price versus actual.  

You can still get units filled during November-March, it's just colder so traction seems slower with tenants - during those months, I personally think you have to be more competitive with what you're going to ask for in rent versus what's nearby that's available/better if not same condition. 3.

There is also a mismatch on what he was paying for rent versus what he disclosed on his application (previous rent was lower).

Let's connect if you want guidance on how to setup your STR versus these competitors in this market.