Some local lenders familiar with Gainesville’s market (from what I’ve read in Bloomberg) like SunState Federal Credit Union and Ameris Bank have been mentioned favorably latley and might be a bit more flexible if they understand the repositioning story behind your property.

They allow you to include up to 6 months of rent payments in the loan if you are unable to occupy the premises during the renovation.Just to be complete, it's also worth mentioning that both the VA and USDA have renovation loans.

This was a learning experience that will fuel many success to come.On the podcast you mentioned you were going to take a few months off.

It's worth mentioning I also require tenants to have their own renters insurance policy with at least 100k minimum liability.

I know you mentioned doing STR, but then you need to spend another $10k+ to get it furnished.

Funny you should mention that.

Someone else mentioned making her an occupant not a tenant.

The resources and books you mentioned, like the BiggerPockets Ultimate Beginners Guide and The Book On Rental Property Investing, sound like excellent starting points.Prioritizing financial stability and eliminating debt is crucial, and I agree that a solid financial foundation is key to successful investing.

Now I previously mentioned i was willing to pay more than my competition.

We have modified many seller financed notes over the years (with input from the servicer and a qualified attorney as mentioned by others).