Once the lease is executed, purchase the property under the terms of the option.

The concern I have is depleting our savings and being in a vulnerable position for 4-6 months while we save back up. 

It's less important that he is specifically doing it than that a high level executive is (say Ryan Murdock or Brian Murray).

If it is good enough for my local building authority to get permitted, it is good enough for me.In both of these cases, it was the presence or absence of the all mighty built in closet that allowed me to execute these real estate maneuvers. 

Just grandstanding to show people the executive branch allegedly cares about something that the executive branch doesn't have any power to do anything about.Even if it were actually on the table, which I don't think it is, it's not as bad as I first thought when I read the headline. 

Mind you this was a $930K loan, notified the lender 6 weeks ahead of time that we were going to rent the units, and had three $2,850+ leases executed by the time the sales covenant date hit.

I heard that the waiting time for a court trial is 5-6 months and another 2 months for having the sheriff to remove the tenant (only one police office in the whole city of San Diego to execute the writ of possession now).

It’s a jack of all trades here with little to no trade offs/cons when comparing apples to apples to other large STR markets.The key to success here though comes in the knowledge and execution.

VT will pay $30-50k per unit to rehab units and bring up to code, vacant units and will execute 5 years leases paid by the state.

The deal exemplified our ability to identify opportunities, execute efficient renovations, and achieve impressive returns.