My family also owned a construction company, so I have some experience in handling projects associated with real estate. 

My rule of thumb when walking with contractors is if they talk more about themselves and past projects compared to what they will do on this project thats a hard no. 

I did this prior to my R2R purchase to ensure my numbers were in the same range as R2R's projections.

Also, did they provide you those terms off the bat or after explaining your project?

What is the current return you are getting and what are the projected returns or plans with it, etc?

In some cases, it might even mean you can buy your next house all cash.Financing Home ImprovementsThinking about upgrading your kitchen, adding a home office, or tackling other projects?

Ask them if they have any projects they are seeking hard money on.

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

Was about to embark on a new construction project in Gainesville.  

The HOA can decide to do a special project or make a short 3 story elevator more hurricane proof ($800000) or have issues after a hurricane and then you are definitely not ahead of the game.Please connect with me and I can maybe point you in a better direction.