I found my city, found what I thought was a good deal only to find out insurance rates were 2X more than in my current hometown for a long term rental.

I can still remember the moment we got the term sheet for our first deal and happily signed it, thinking that was the end of the talks.

If they have a long-term lease with time remaining, then you have to honor that time or try to negotiate something with them.

Hi,Is there a calculator for short-term rentals? 

I also will want payments to start at 6 months as my loans are typically that term. 

Hi,I did a private lending, term was 1 year. there was a clause that borrowed can extend loan (if lender is ready) for 2 times, each time for 3 months. but borrower has to pay 1 point for each extension(3months). so extension can be done total 6 months.Now, after 1 year, borrower keep paying interest .3 years went like that.Now Borrower wants to pay off. in such case what should be Loan extension point added.Thanks

It makes it more risky with vacancies/turnover and if an investor needs/wants to exit quickly.2) Our price points are very low entry so many can easily purchase with all cash.We also choose to not deal with the logistics of when it comes to selling a property via finance.I have always believed that "less is more" and could easily triple our sales volume if we wanted to sell via financing.So at the end of the day it's a decision which in our eyes protects investors long term interests and a business decision to minimize financing hassles on the back end.Much success

You'll get better loan terms and lower interest if you owner occupy. 

They both helped.In terms of what I would do starting out in business if I were to do it again, I would recommend working for a larger team to learn their sales process and have practice in the field.

Find a local hard money lender, you'll get the quickest underwriting approval and best terms.