Initially intended as a long term hold How did you find this deal and how did you negotiate it?

It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.

Is the only way to evict him to wait for non-payment of rent if he goes to jail long term? 

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

If any other loan terms change, you’re getting a new mortgage.

Does anyone have any experience owning/operating a short term rental in Blue Ridge (or surrounding areas)?

As long as you occupy 1 of the 4 units, you can have yourself up and going out the gate with 3 rentals all while using your amazing VA loan benefits!

@Sharad Bagri There should be no requirement to be accredited to purchase a multi as long as you have the requirements met to get the loan.

I want to get a “checklist” of what I need to do next in terms of the legal side and paperwork to get this thing rented out (or even steps I need to take prior to renting it out, such as getting insurance and a contract agreement).

Second question is the home in in a poa “he pays no dues and it’s not active was just placed when the house was built in 1990, which means technical short term rentals aren’t allowed.