Cash-4-Keys is a lazy-PM action, it's one to avoid doing the work and is never in favor of client.

Please share your thoughts:What are some of the most favorable terms you’ve negotiated with private lenders? 

Unless there are extremely favorable seller finance options.  

@Sam FaasI have found that advertised seller financing deals usually are overpriced or the terms are not favorable; i.e. high down payment, short term or high interest rate.

Do yourself a favor and stay with the devil you know!

There was a time, briefly (a few years), about a decade ago when some prime solar farm site owners signed favorable LTLs (Long Term Leases.)

The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.

However, if you work with a lender who specializes in DSCR loans, they may offer more favorable terms when structuring this kind of deal.Tapping Into Equity: Taking out the full $100k equity from your first property upfront could be more cost-effective, as you’ll only pay fees once rather than twice if you take out a second loan later.

@Chad McMahan Hey Chad, what have you seen as an outcome if the appraisal comes back not in your favor, in terms of needing repairs?

I agree with the above posts - it's in the turnkey company's best interests to jack up rents to increase their projected ROI.As a general rule, I do not trust a single projection value any seller offers as they're nearly always weighted in favor of the seller.Zillow is a great way to check rent comps.