My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

I have good friends and a handy man that I can rely in Fort Myers/Bonita spring area when I am away and I will be able to rent out the entire unit seasonal for snowbirds. 

Plus I recently got a brand new calculator, wanted to see what out of state investors though the most important aspects of deciding between to similar rates cap rates in 2 varied size apartment. 

It varies by program.To learn more about DSCR programs: DSCR loans won't use your income to underwrite the loan.

The market may vary one way or the other & we don’t want to be stuck coming out of pocket on the backend as well.If it was needed to get the deal done, the minimum balloon we could offer is 10-12 years. .Never SELL using "Subject To".

This will vary based on region but in general 2 – 5 points, 9% - 16% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.

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Thriving financially is one aspect; the human side keeps people engaged and loyal.Do expectations vary by property type or asset class?

The information contained in this post is not to be relied upon.

Disclosure laws vary greatly by state.