But I feel like having the bank connections (to automatically pull in those expenses/revenues) is key to streamlining things.

The key is to highlight how the arrangement could help the landlord achieve their goals while allowing you to secure a property you see long-term value in. 

Key is all about finding the solution and never giving up.

What’s a key mistake you’ve learned from that could help others?

When it comes to stocking your STR with essentials, balance is key.

Detroit is very block-by-block, so knowing the dynamics in the area you’re targeting is key.2.

Bad customer service (from the partners), unprofessional client information management, ridiculously long underwriting, and I’ll add this..a low-key throwing of their loan officer under the bus for information “he did not know” or “must have been mistaken” about.

I can say from having taught classes on these loans that your contractor will be the biggest key to your success.

The overall LTV (including all 3 mortgages) will be key and your selling point will need to be that the 2nd mortgage ($8k) will burn off in 2.5 years (based on your surprise that it was even out there, I'd recommend that you follow up in 2.5 years and ensure that it's been satisified, so that it doesn't surprise you again in the future).Does the $8k grant vest over the 5 years? 

Over the last year, we noticed a few key trends worth highlighting:Market Recovery Signs:Loan volumes reached $539 billion in 2024, up 26% year-over-year.