Talk to a local mortgage broker about what their requirements are.

So in my mind STR is good tool to catch long term appreciation and REDUCE EXPENSE when folk is vacationing.For me it is as the following:if you like snowboarding you would buy in Tahoe or Denver or Aspen.if you like beach you buy in Hawaii, Destin, Panama Beach FL or San Diego.if you like hiking/forest you go to these Servier county,etc.The problem is if you don't have hobby and don't like to go for vacation LOLI cut 90% of my vacation budget by having STR, this is the internal profitability metrics LOLIf my own purpose is to make money I would find investment that yield 30% IRR and >1.5EM and I know it's not that in vacation market in 2023 lol.

However, the property management companies I have spoken to have said that they require you to use them for everything I listed above.

Adele: Most Expensive Ticket in U.S.: Forbes reveals that Adele's shows at Caesars Palace had the highest average ticket price in the U.S. for the first half of 2024, at $1,462.

In either case the policy probably requires you to notify the insurer as soon as you become aware of a possible adverse matter. 

Make sure to define your requirements and screen all candidates consistently.

Hard money lenders are also a possibility, but they often require higher loan amounts and can have steep interest rates.

One possible large impact would be a minimum setback requirement from the railroad to any development, which could drastically cut the usable land. 

It typically requires more capital, and the timeline to completion can be much longer.

I have tried to bring up those expenses in a few of our conversation, and even though they are aware of those expense since they also investing themselves, they still don't include those in their analyst.