., 6.125%, 3.204pts, 25% DP, no ppp - 8.72% CoC ($82K savings over 30yrs) If you plan to keep this for the long haul (10 years) then you really should look into at least a couple of quotes with a 5 year prepayment penalty (Non QM - DSCR) - this should be able to get the rates down on that to near your conventional quotes

I have no dog in this fight, but the abundance of 2-4 unit options in good parts of the city provide a better long term opportunity.

@Charles BurgessIn order to begin the process of looking at a lot in terms of potential development, it’s important to first keep in mind that a number things must be considered.

I currently manage a highly successful short-term rental arbitrage in Houston, boasting over 170 reservations in the last three years.

It's taken a long time and a lot of work to get to that point.But people still have a negative stigma.

There must be a ton of capital on the sidelines, and investors are putting down more on deals for them to work.Factor in tax benefits, hedge on inflation, rents still cheaper than buying, and the investment is still compelling to some.There are deals out there, you just have to create relationships with brokers, and play the long game.

Sounds like you will need a short term hard money lender for this transaction and a JV partner for the downpayment.

As long as you purchase at least as much as 75% of the net sale. 

- Which features or tools would make your day-to-day tasks more manageable and efficient or save (or make) you more money in the long run?

Every market is different, but for the long term assumptions.