They hold all the cards.

How long is the LP investor hold? 

Believe me, the longer you hold the more your expenses will grow.

Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.

He said that you can still sell the home, and this would not hold you back in doing so. 

If you need 10 minimum and have to hold those non-paying tenants until you get 10, what does that cost you in your financial model?

Most turnkey companies proforma does not tell the complete story and that is why is called "PROFORMA" OR "PROJECTION", they don't account for the true vacancy, leasing fees, holding costs, and Headache factors that come with a Class C and D properties and neighborhoods.Hopefully, they can help you get to 100% occupancy and sell the property so that you can re-invest in a better neighborhood and relatively newer property like 2020 or newer if is possible in that market, or just go to another market you understand better or have some kind of connection with.All the best and keep us posted on your progress.

Hold the property in the LLC's name for liability shielding, and use it for rent collection, expense management, and centralized operations.

Investment Info:Single-family residence buy & hold investment.

I’m exploring the idea of turning it into a furnished long-term rental to hold onto it, generate income, and possibly return to STR when things settle down.However, I’m new to the furnished LTR space and would love advice!