( wear layer, thickness, padding, price)What surprised you the most with this product?

But physically altering with infrastructure etc creates inventory and requires you to start a new clock to demonstrate your intent to hold for productive use and allow the 1031.

If you're in Manhattan then the building layout looks just like other available products.

GREAT Topic,Make sure you know exactly what you want done on this home @ New floor coverings, new kitchen, counter tops, new lights, new bathroom fixtures.New paint , @ tone paint, etc, etc,Because  you holding on to it as a rental make sure you get at least 10 year materials and product, namely floors and plumbing faucets.  

He's been sending me Visio products and they seem legit. 

I’d love to hear more from a lender, but depending on your timeline and where rates go - you would likely be better off just refinancing it into a primary residence product once you move to Colorado anyway.

But if you find developers who still sell their product to the public it's certainly worth looking into. 

We expect STR rent between $12k to $15k per month.The finished product will be an open layout, 5 BR, 2.75 bathroom home with beautiful, rehabbed pool, and with a deck with a view. 

Hopefully, you can see if they are financial occupants vs physical occupants (non-payers), the turn over expenses, the maintenance the building requires based on the mechanicals, who is paying the utilities, etc. 

It's also going to 100% be a commercial loan product and just as the post above mentioned you should be going local with this type of a product.