what kind of clientele are you targeting for extended stays?

If it’s that much of a problem maybe offer some benefit to extend the lease past one year. (5% off/month) or some benefit that allows you to save time but is more cost effective than hiring a leasing agent.

I hope they offer atleast 10. 5 would be a huge risk because even though the plan is to cash out refinance 2-4 years post closing date and extend the loan… 5 adds a huge amount of stress.

Or have you discussed extending the loan for another year in hopes rates go down.

Dwelling suffered fire damage throughout the interior and exterior affecting framing members, electrical, drywall, and insulation.

DSCR requires No income, No Taxes and Commercial requires a PFS, occupancy ratios usually above (90%), Credit scores above 720+ much higher assets for (PITI reserves and overall risk, landlord seasoning, and more.A Heloc can be used in most cases for anything but when you are trying to buy a commercial building which is higher risk, the committee/UW can and in most cases will deny it if they feel you are over extended low assets or with no landlord experience, unless you have a meaty amount of equity to cross collateralize for a junior lien on another property.

Unfortunately, overpricing is a common issue, distorting market realities and extending time-on-market.

"We've been trying to reach you about your car's extended warranty"98% probability that this is spam from some bait and switch lender who's also buying trigger leads by the metric ton.

The market has been flat for an extended period of time (10+ years).There are attractive pockets which are generally the higher priced areas like Munich etc.Hope this helps

I would definitely make it contingent upon walkthrough and have an extended inspection period as well.