Hi folks,I am looking at securing a new construction to permanent loan (for builder, and not developer) for a property we intend to enjoy as a vacation home part of the year and mostly rent out via AirBnB.

I suppose I could try it for 1 lease and see how it goes.I think I have this problem that I think everything is a permanent decision and that may not be the case, I could always reverse course or change my mind...

Depending on which service you can help him see it's like another PCS (Permanent Change of Station) move.Ultimately, you should identify and address the root cause of his cold feet which appears to be change.

(NOI/ Cap Rate)Theoretically, if and when I go to do a cash out refinance and convert this into a permanent loan with, let’s just say 75% LTV, that would leave me at $5,166,666. (75% of $6,888,888). 

I intend to continue it to be permanently as such."

About myself: 100% disabled (Permanent & Total) VA rating veteran.

I think it is pretty rare in places like Carrollton where foundation repair is permanently fixed. 

@Josh StackFrom what I understand (and I could be totally wrong), but I believe "Mobile" homes do not fall under the strict guidelines that govern rent to own SFH because they are "mobile" and not considered permanent. 

Hey all,So I purchased a property in July of 2018 as a permanent residence.

The reason for the higher cap rate is due to the nature of RV Park, more transient tenants, if you want more permanent tenants-consider bringing in RV park model that you can convert to tenant-owned model similar to MHP.