I finalized the property on May 3rd and they told me they already have a tenant ready to move in (they did not take my approval or anything or even informed me their background).

Quote from @Heidi Fischer: HelloI’m a high W2 earner and have been looking for a STR and finally went into contract but can’t close until mid-end of December 2024.

I have flipped about 8 homes, we had a plumbing issue on the last home that finally got resolved....but could have turned south if it was not.

You might spend between $5,000 and $20,000 on furnishing the unit, depending on your choices.

Keep in mind this will be at a much higher rate than your current 3.2% interest rate, so I'm not sure if paying off the existing loan is a great choice.

Finally, we do not care about your tax returns, etc.- since these loans are primarily based off of the asset as collateral.

Here's the handbook link https://dca.georgia.gov/housing-choice-voucher/landlords/geo...I strongly urge you to consult an attorney.

We complete a final walk-thru 24-hrs before escrow close to confirm the property is vacant.Hope that helps!

Eugene could be a great choice for STRs with the university driving consistent demand with college kids + family, and Portland offers year-round potential with its already strong market for both MTR and STR.

(more than likely) The rates are not locked in until final approval is given.