Since inflation was so severe for the last few years, they had essentially decided to raise interest rates aggressively in order to fight this high inflation even if it came at the cost of slowing the economy down.

Some cities are pro growth others will fight you tooth and nail.

The more full Doc a loan is typically there is more documents, scrutiny, and ultimately a longer closing time frame where as a private bridge note can fund in 1-2 weeks the full doc rehab loan may take 40-70 days on average depending on a host of variables (your General contractor's documents, the appraisal, scope of work, etc).Its imporant to figure out what you're trying to do, what deal you have in front of you, your capability in terms of all loan products from DTI focused ones, the bridge private ones, your time frame to close (the type of seller you have before you), and execute with the best game plan.Best,@Matthew Kwan@Carlos Valencia

So is managing them--we have never lost investor principal and don't plan to start now, and we will fight to the end of the earth to protect our investor's interests.

They have been fighting one in Narragansett for as long as I can remember.

It was a fight for sure, but we were able to use the STR income because we had good history of it on Schedule E.

You're in an anti-landlord city, one which provides tenants free resources to fight evictions.

They were expensive, did not cover everything and had high deductibles and always had to fight with them.

I assume I will need to get new insurance that will cover and have a clause about short term rental capability?

Catch all the red flags prior to submission cause once you submit a file that has uncaught red flags, that's when your process slows and lender's get nit-picky.From a lender, I want you to work fast, if I am hustling on my end to make it easy for their processor and underwriter then I expect fast work with an open line of communication and I want my rep at the lender to be able to fight for me or my clients should an obstacle arise - which they usually do.