Any time you have a requirement, you must be prepared to enforce it.

**Proactive Steps**: - **Prepare for Inspection**: Ensure the property is in excellent condition, with all necessary safety items in place (e.g., smoke detectors, proper handrails).

Be prepared for unexpected expenses by building up a reserve fund and being flexible with your options.

If they are prepared to earn the private fund returns (and tax benefits) they need to accept the lock up period is indeterminate.

I added value to the deal by initiating cosmetic repairs to make the units rent-ready while preparing for more extensive renovations.

This financing approach allowed me to focus on converting the structure into a duplex and preparing it for rental while maintaining cash flow for other ongoing projects in my portfolio.

Many investors see no "hard line" on age as long as there’s strong cash flow and maintenance is manageable, but ensuring you’re prepared for any age-related quirks is essential.

The potential for a loan call is higher and higher with sub to the more parties you involve if that makes sense.Trying to take down four homes sub to and then do remodels to them all, and then list them on short-term rental sites, and get full permitting and ok for not just the STR, but for your renovations and all prior renovations maybe done without a permit, while on subto, sounds like a pretty big mess to me.I would consult with a sub to specialist and prepare for the potential of having all the loans called at some point.

Do you think Whole Foods, Walmart, or Target decides on a location because someone in management thinks this is a good location?

Food for thought!