On the OR Coast the regulations have grown 10X in the past 5 years, but there is still significant opportunity, particularly for initial owner/operators. 20%+ CoC is still quite common for premium Coastal STR's. 

-Changes to the timeline for notice to renew.  

The new pref equity is given priority to the original pref and/or common equity.

Just make sure you follow the landlord/ tenant laws in your area to a T, deliver all the notices when and how you’re supposed to etc.

Avoid common pitfalls like underestimating costs or tenant management challenges by planning conservatively and staying proactive.

You could form a month to month lease with a just a days notice to vacate so you could end it as soon as you get your license ready to close, the seller might be open to it.https://www.hostaway.com/blog/rental-arbitrage-joshua-tree/Or, you could continue to list on the seller's Airbnb and you could become a full-access co-host on their account - handle all communication, pricing, etc.

I found the answeR in one of the Title 24 notices, and if I remember correctly they required around 2kw, which here in So Cal costs $5500, after 28% Federal Tax Credit it would be around $4,000.Cant find the notice/site but if you look long enough you’ll find it.Originally posted by @David T.

Hi Daniel,Your challenge is common in today’s market.

Common misconception that the fed funds controls mortgage rates but that is not how it works. 

If it is later found to be the work was not performed according to code or properly repaired, we will seek damages from your firm since you knowingly hid this from us and would not allow us to understand the extent of the damage which occurred behind walls.Thank youThis way you are putting them on notice that you were aware damage occurred and they did not allow you to properly inspect it.