FMR's are not guarantees and they are going to base the actual rent on the market rents.

Has anyone recently used a lender that lends based on the rental income of a property?

The strong local market and collaboration with Carlton, who provided valuable insights, also made it an attractive opportunity.

The strong local market and collaboration with Carlton, who provided valuable insights, also made it an attractive opportunity.

Based on my personal experience, owners seems to evaluate two primary cost criteria when comparing PM's, the monthly fee and the placement / leasing fee.  

Yes, probably 50/50 to start and then once you have a strong track record with them, you may have the leverage to try to get a higher percentage on your end since technically what you're doing is more time intensive than what they are doing (cutting a check).

Our interest in the Bristol St deal in Scottsboro, AL, was driven by its strong profit potential, a reasonable purchase price of $167,000, and a $41,000 renovation budget.

Thank you so muchJames This is why (and it has been mentioned here 1,000x) that when buying a STR, to make sure the numbers work based on other scenarios in case of this occurring.

I'm a starting investor based in Austin, TX.

Let’s see:Booming: Provo, Austin, San Antonio, Charlotte, Nashville, Orlando, Dallas/Fort Worth, Denver, Greenville, Raleigh, Tampa, Phoenix, Seattle, Houston, Atlanta Strong Growth: Indianapolis, Las Vegas, Riverside, Detroit (!!)