I gave them the option to stay at an increased rent amount starting September 1- just shy of 90 days.

You have to weigh that option and the higher the potential returns from the sponsor the greater the chance of losing it all.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Just send your RTR rep a message and we'll get you on the right track.This is an excellent loan option that will allow investors to scale quickly and maximize tax benefits!!

The Mayor has stated that they are eating up the already limited housing options for poor & low-middle class citizens in the city.2.

Also, if you are chasing the cheapest options (usually those without adequate insurance and licensing), you’re going to be spending more time repeatedly replacing those puzzle pieces.

Step #PhaseStep1DiscoveryTalk to experts and learn (process, tips, design tips)2DiscoveryCreate social media and document story3DiscoveryGeneral research - budget considerations, financing options, permits, regulations, tax considerations4DiscoveryMarket research - competitor analysis, analyze guest reviews, market trends5DiscoveryGather ideas/inspo (blogs, articles, youtube)6DefineCreate brand and vision7DefineCreate guest requirements (e.g. coffee maker, natural light, near activities, etc.) and prioritize must have, nice to have, etc.8DefineSketch idea for look and feel (architecture and design) - map out the floor layout9DefineConsult an architect (is this needed?)

That was recently lowered to 4.26 million, and even achieving that could be a struggle if mortgage rates don’t move sharply lower.The positive spin to all this is that every year we have existing home sales below 5 million units is just “compressing the spring” further.

I would think meeting somewhere in the middle would be the best option for all parties.

I would consult with your CPA and your lender on options depending on which path may be more beneficial.