Now you are saying you have no experience owning/operating an STR, that's another hit.  

This will clarify and reinforce what you are reading.

I can't say when that will be but 4.125 is quite a lot depending on the rate you get.I personally want a hassle free funding experience and the lower rate.

@Duarte MarquesPossibly but highly not recommendedFor those with no real estate experience or experience in taking on debt, it’s not easyTo do it also with little to no down payment or reserves in most occasions will end in disasterReminds me of when in high school a friend used to let his dog drive his car.

Quote from @Mary Holland: I'd love to hear about your experiences and how they compare to other types of commercial real estate financing.

Ask an attorney for the cost breakdown, factor in holding costs, assume they'll do more damage on the way out and then ask for a bit more for the headache.But again, especially with no experience with evictions and it sounding like a mess, I would be very tempted to just walk if the tenant is not going to cooperate. 

What’s required for success in this is deep knowledge of real estate in general and the area in particular; experience in real estate and the local laws, etc.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.  

I worked with one and that experience is the reason I now own my own PM company. 

The best way to get experience is to do the thing.

I've been currently looking around the Lakewood Ranch area, if anyone has any experience investing nearby.Thank you!