what kind of clientele are you targeting for extended stays?

If it’s that much of a problem maybe offer some benefit to extend the lease past one year. (5% off/month) or some benefit that allows you to save time but is more cost effective than hiring a leasing agent.

I hope they offer atleast 10. 5 would be a huge risk because even though the plan is to cash out refinance 2-4 years post closing date and extend the loan… 5 adds a huge amount of stress.

Or have you discussed extending the loan for another year in hopes rates go down.

DSCR requires No income, No Taxes and Commercial requires a PFS, occupancy ratios usually above (90%), Credit scores above 720+ much higher assets for (PITI reserves and overall risk, landlord seasoning, and more.A Heloc can be used in most cases for anything but when you are trying to buy a commercial building which is higher risk, the committee/UW can and in most cases will deny it if they feel you are over extended low assets or with no landlord experience, unless you have a meaty amount of equity to cross collateralize for a junior lien on another property.

Unfortunately, overpricing is a common issue, distorting market realities and extending time-on-market.

"We've been trying to reach you about your car's extended warranty"98% probability that this is spam from some bait and switch lender who's also buying trigger leads by the metric ton.

I’m currently a detective and we have a tonnnnnn of couples living in our extended stay motels because they can’t get approved to rent.

There is no risk that you have a guest in there for an extended stay who decides to complain about something and Airbnb refunds part or all of their payment and there's nothing you can do about it.

I would definitely make it contingent upon walkthrough and have an extended inspection period as well.