Hard money and or private lenders are much more likely to call the note due for violation of the due on sale clause then institutional lenders are.5.

@Chris Blackburn Hey Chris, that's pretty standard from what I've seen in my experience, especially if the seller is an institutional client.

But no lending institution is going to give you 100%.

 $5mm participating bank.  

Under this rule, if your average stay is seven days or less and you materially participate in managing the property, you can treat it as non-passive income and potentially use tax losses (like depreciation) to offset other income.

If not, do you materially participate in the syndication or are you simply a limited partner?

To qualify as a real estate professional, a taxpayer must meet both of the following criteria:Taxpayers perform more than 50% of services in real property trades or businesses in which they materially participate.

2-if you started to self-manage in January 2025 and managed for the remainder of the year would you not satisfy the 100 hr rule and participate more than any others?

I know that participation in operations affects the tax benefit in some ways? 

There's an industry group for this type of construction:  Manufactured Housing Institute.