Do the calculations factor in default rates?

Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

What factors should I consider when making this decision?

Ethical ConsiderationsYour concern about ethics is valid and shows you’re approaching this with integrity.

Thanks in advance for any help.At least a few forum members have used the Plastiq method to purchase the entire property but to me there are some important factors.

In the burbs this is less of a factor, in the confines of the city it’s a surprisingly effective rule of thumb

@Abdul HafeezRates and LTV depend on many factors. 

This includes flooring, painting, bathroom upgrades new light fixtures, usually there’s about $800 in electrical costs factored in here and all new cabinet hardware.

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

Building a solid team is another crucial factor.