Some of my properties on the beach also have a dry wood termite warranty and treatment plan.

I plan to do this next year. right now I am trying to find a mentor.

Once the tenant was identified, I was notified that they would be paying and signing the lease on August 2.I reached out to the property manager on August 2 via email to confirm whether they still planned to sign.

Originally posted by @Jason DiClemente:@Jay Hinrichs I've done HML deals before, but never of that size, so I cant comment on large deals like that. sorry meant it for the OP  not you specifically. just trying to lay out some reality.bigger money deals are not like 200k HML flips   were lenders will take a stab at newbies or a company like DHM will come through at some point

If you have specific questions about property management, I'll be happy to help!

Specifically, I’m looking for insights on cost projections, especially whether the cost per square foot tends to decrease with larger projects, and what budget I should allocate to ensure this development is profitable.Guidance from someone with experience in similar projects would be invaluable

In the Seattle market, condoizing costs around 15K (survey, site plan, recording fees, legal fees, HOA creation and coaching from lawyer, setting up utility sub-metering if required).

You should also invest in a professional real estate photographer and a lock box) You may just decide to go with an agent that can provide professional level photos and an amazing marketing package (including listing exposure in real estate magazines, etc) If you do go with an agent- make sure to ask for their marketing plan for the property as well as a record of their past sales, etc.

You need a specific STR policy.

A goal to work backwards from to today so you can make a specific plan and take deliberate action daily towards YOUR goal.