One last point: If there is a higher tenant to bathroom ratio, a simple dry erase "shower schedule" on the back of a bathroom door can work wonders.

We decided on a % and they are stoked because they wanted in the long run this property to be a gameday house for football games etc.

The tenant is requesting the return of their last month's payment and security deposit (equal to one month's rent).

They'll ask for the last 2 months worth of bank statements and they usually won't want to see a large deposit in there coming from borrowed funds.

You can probably get in two at a time and still have a safe amount of capital at 500k.But if you're saying that use cash and sink every last dollar you have into a single project, I'd say no, do not do that. 

The actual completion time was over 15 months, including at least two periods of inactivity that lasted longer than 30 days.

I’ve been renovating and building homes for the last 12 years. 

Proper notice is a real sticking point and over the last 10 years case law has rapidly evolved  concerning overturning sales due to notice issues amongst other factors.

The lender has required a 'Prior to Docs ( “PTD” ) Condition':"Business Verification Needed - Broker to obtain a CPA letter to confirm the borrowers current business waspreviously filed as sch c and confirm how long been in business for."

It is not difficult to debug the future from their investments using their own website.most STR/LTR syndication that had strong presence should be :- working in local niche market only- has five to ten years experience- had open book / track record mentality- the audited financial statement should be available to understand the business.STR market itself is very risky investment in my opinion, now you add fund/syndication then you have double big problem.one out of five hotel syndication is going for bankruptcy in the last two years , and we expect STR to survive ?