Beg family and friends to fund it for you.They "might" do it if they see you've learned a lot and your business plan sounds very solid.How do I know this "might" work?

This sounds like an incredible learning experience!

It sounds like they breached their contract so you may have a case. 

Managing a good STR is pretty easy.

Local references are invaluable because those lenders have proven themselves in your market.Work with Reputable Companies: Some well-known DSCR lenders with a solid reputation include Lima One Capital, LendingOne, Kiavi, RCN Capital, Visio Lending, and Easy Street Capital.

The areas you mentioned, like East Point and West End, sound promising.

@Tim Bergstrom sounds like you are well on the right track.

Some lenders allow exceptions for transfers to LLCs owned by the borrower, but it’s worth confirming first.Explore transfer tax exemptions: Chicago doesn’t make this easy, but there may be exemptions or reductions for certain types of ownership transfers.

There’s more renters than landlords so it’s easy to pass these things.

@Chelsea DiLuzio 2025 sounds like it will be an exciting year!