Does anyone have experience purchasing a 5+ unit multi-family building for the sole purpose of operating it as a short term rental?

In California, an unlicensed professional cannot independently let a client into a home to show it; only a licensed real estate agent can conduct property showings, although an unlicensed assistant may be present to let someone in under the supervision of a licensed agent for specific purposes like inspections or repairs, but cannot discuss the property details or engage in sales activitiesPaying agents hourly would drive your overhead through the roof especially if the brokerage is not closing deals!!!

Yes this is a Refi on a commercial property with additional large cash out included for sole purpose of reinvesting into another property, as well as a large operating line of credit in addition to the Refi is included.

I wrote the above for informational purposes.

. $81.99 Bissel Little Green Machine spot carpet cleaner - https://www.amazon.com/Bissell-Multi-Purpose-Portable-Uphols...These are great.

Banks definitely serve their purpose for traditional loans, but when speed and adaptability are key, private lenders can be a game-changer.

These meters and others like it are in use across the country for this very purpose.

For tax purposes, remodeling costs like the kitchen and flooring are considered capital improvements and depreciated over 27.5 years.

I wrote the above for informational purposes.

So I may have misrepresented this a little, but that wasn't purposeful.