In some ways its luck of the draw on the appraiser, especially smaller multifamily (5-30 units under $1M loan).

Liquidity I always tell people they probably need to expect to have 30K cash minimum even at 0% down to cover closing costs, first draw etc.

From research a lot of corporations are headquartering there, the lower taxes, affordable housing, plus the beaches and professional sports teams has a lot of draw for millennials.

Make sure you know what LTVs they support and what you can expect to garner, what kind of closing costs and fees they have, how their draw schedules work and if you pay full boat or as dispersed, ask what their extension terms and fees are and if they have any prepayment penalties (most don't but always good to make sure).

I think it’s going to be a draw.

You then think you're doing them a factor offering them well below FMV so you can stick your margin in the deal.So instead of broadly advertising this in someplace where you could get a lot of people looking like MLS, you'll resort to cheesy hand-written letters or visually polluting road signs to cultivate a list. 

Back to the drawing board!

From researching online and in these forums it seems to be best to hire a structural engineer to help provide material list and a drawing. 

Another draw back is (currently) the banks will not use any of my STR income when considering my D/I ratio for future lending.

I think we came up with one solution is to have an attorney draw up something between yourself and the legal entity which basically informally assumes the loan.