Landlord's damages in the event of default / evictionThis is not an all inclusive list.

Quote from @April Rae: It sounds like you’re dealing with a tough situation, but there are steps you can take to resolve it while maintaining a positive environment for your other tenants.

These loans are what is working in this high rate, low Long term rent environment.

Which tells you everything you need to know about the state of the property but the reality is that works in the current environment. 

A good point - important to find lenders that are AirBnBRRRR / MTR friendly, especially in the current rate environment when its hard to cash flow on LTR leases 

Punta Cana is first and foremost an all-inclusive destination and there's no way an Airbnb can compete against those.

A dream for any investor given the grounded rent laws in Camarillo and very friendly business environment.

I create an environment of scarcity & delayed gratification.

When analyzing a luxury short term rental (STR) vacation home for investment in today's mortgage rate environment, the ROI & margins can be extremely tight. 

For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.