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.

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.

This is why I personally deliver and execute a personal guarantee rider on all my private investor loan money borrowed.

I would not say there is a bad lender, but rather the loan officer/account executive at the lender.

I would be afraid of ending up like Benito Mussolini after WW2.If you don't know, he and his mistress and his generals were summary executed and their bodies were hung upside down in Milan at the carport of a gas station. 

A key part of your message is that folks need to fully understand their expenses when modeling a deal before they execute on a purchase.

For example, a properly executed deed from a now-deceased grantor and recorded a month after death might appear to title as acceptable risk.

However, that 250k per spouse of capital gains offset only applies to the portion of the property that you resided in, and you will still have to pay capital gains on the portion of the property that has been used as a rental unless you execute a 1031 exchange.