Does it have shared systems you have to manage or separate utilities for everyone? 

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

There a ton of great DSCR options you can find on the Lenders tab at the top of the page, or connect with an experienced broker who can shop all the best lenders for you and educate you on the best options out there.

Utilize other people's experiences.  

Best of luck on your continued journey, HELOCS can be a great tool to utilize untapped equity in a house.

Would be curios if folks have also just included the cost of utilities at this price and left it unpermitted.

@Aristotle KumpisPossible yes likely no unless you have a ton of equity in other deals that can be cross collateralized

I would suggest a good PM to start if you don't have a solid background in hospitality or at least something in the service industry.Self-managing can save a ton of money if you know what you are doing. 

You are positioned right at one of the top 10, if not 3, STR markets on the planet buddy! 

I’ve been in this unit for almost a year now and I’m thinking about moving out and renting an apartment for $1000 a month all utilities included.