No lending institution or bank would be permitted to operate with those ratios.

As you progress, maintaining a clear line of communication with your team, especially your property manager, will allow you to stay ahead of maintenance issues and tenant needs, keeping your operations smooth and your tenants happy.If you haven't done so already, consider outlining your goals and investment criteria with a property manager early on.

As for one of my other operators, I am invested into REM in 3 different deals.

The simple reason is that you cannot even tell debit cards from credit cards without a special software.

Most lenders will vary how aggressive they will get based on the experience of the operator (you), but I don't know any that will lender to someone who's never done a spec build like you're contemplating.

It has been operating for 2 months now.

Hey James, I have a simple log book / spreadsheet I made for clients that maybe helpful to you.

Each lender will be willing to provide a ballpark rate quote with some simple info such as FICO score, property type, location, term, and desired LTV.

It isn't the most crazy type of fake booking we have had but a simple reply to them via the VRBO platform with a list of nearby amenities wouldn't hurt.Sometimes I am surprised by guests grammar and word usage.

The biggest thing is vetting the operator as they ultimately drive the returns.