Separately, there are tons of older extended stay hotels in all the major growth cities with people living in them paying (fairly high) monthly rates due to convenience or lack of qualification for typical rentals.

When furnishing my first STR, I leaned towards cheaper goods as I had just spent a ton of money on the acquisition, and learned my lesson quickly.

The bank relationship is one I cultivated over many years and now lean on heavily for my more complexed projects.

Agreed on the risk factors which is why I stated leaning towards conventional financing and why I’m asking tedious questions.

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Thomas area and it would be good to have some guidance/coaching to lean on.

Right now, leaning toward HubSpot, then seeing how that goes!

4- of course we'd want to verify it's permitted use per zoning5- Capex will need to be budgeted for a reserve account for tax purposes6- need to get the stage 1 and 2. 7- by subcontractor issues do you mean a mechanics lean on the property?

Agreed with others its very convenient to have.

I lean toward the latter—this is more about economic conditions and the lingering post-COVID effects.