They are asking for 28% capital call proportional to investment amount. primary purpose of capital call to survive high interest rates for next 1 year and hoping interest rates gets favorable by then.

Interest rates are changing every day. 

entirely stick frame and if stick frame are you using TJI joists, what kind of structural sheathing/fire rating requirements are necessary? 

This year is slower than normal because mortgage rates and home prices are so high.

As-is cap rate of 7.5% in my market (kc) would be pretty awesome to buy. 

Keep in mind a HELOC rate will be much higher because of the CLTV and risk.

At the pro forma income, the cap rate would rise to 8%, which is more reasonable but only achievable after renovations.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Miami.

Purchase price: $415,000

Cash invested: $90,000

MY FIRST RENTAL PROPERTY !! BEAUTIFUL DUPLEX IN THE HEART OF MIAMI ...

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

Think I better clarify - this isn't an altruistic attempt to help VRBO 😄, but rather a hope that it might result in a higher overall booking rate if both platforms perform at a high level