I'm about to start short term rental for travelling Nurses (travelling medical professionals).

.- A lot of the trouble is finding a good, professional contractor that will STAY good & professional.

Listing brokerages also tend to respond better to professional brokers inquiring about a property versus an unknown buyer.

While interest rates may be higher, these lenders can provide quick financing for real estate investments.Remember to consult with legal and financial professionals to ensure that any alternative financing strategies comply with local regulations and protect all parties involved.

BP is setting up a service next month to connect members and advisors and that should be very beneficial to members looking for professional advice.  

-Would it be better to ask for the down payment loan and construction loan from the same party, or are there any advantages to seeking loans for renovation costs elsewhere, such as HMLs or even credit cards?

Did you run those rents through a third party system to see if they are at market?

As always consult your tax professional, and not just Bigger Pockets.  

@Logan HartleI have done a couple like this and as Greg said the hard part is guessing what your future tenant will need. (# and size of offices, bathrooms,doors, windows, floor drains, lights, truck docks).If you make an educated guess you will likely still be tearing out or changing brand new walls and concrete, but if you leave it incomplete it is harder to rent.Plan on some extra expense for those tenant improvements.

I agree with you that it would be best to have both the company on the lease in addition to the tenant, we're just having a difficult time figuring out how to do that because of the language on our lease- It just used the word "tenant", so we're not sure how to clarify one party is financially responsible, while the other party will actually be residing there (tenant)-