A property on water should help, otherwise all the properties look the same and don’t differentiate much.

I was curious on any insight on the best system that you all have found for your short term rentals?

While this is all going on, what research have you done to compare LTR and STR options?

Loan to value is not effected by accounting at all.

You will also learn from others which operators they like or don't like, which asset classes are going well, diversification strategies, standard terms and more - and most of all you will have other like minded individuals to consult with who are on a similar journey.  

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Hi All,Posted the below on in a couple other forums in hopes to get more eyes but this seems like the best one for people just like myself.I have just started a career transition and excited to be getting into the real estate industry.

This is also gonna depend on how strong the buyer is financially if its even possible for them to pay the difference.If you get multiple offers on a sale in the future and the price goes over asking, make sure the offer includes some type of language waiving a portion or all of the appraisal gap.If you tried to fight the appraisal already and didn't get anywhere, you don't really have much recourse.

I like to look at each component of the process on an itemized level first so that when I do work with a developer I can have my own reference for all the bundled costs associated with the build proposal. 

Hi All, We're considering our first private loan and have calculated our costs based on an initial conversation with the investor.