I hate paying $10 a cylinder to rekey, but it's better than a tenant permanently locked out of a unit with only one door.  

You can't take an education back from someone, so making it permanent debt was the solution to facilitate lending at reasonable rates.I see your point about some degrees being more practical than others, but I can only imagine the outcry if banks were allowed to pick "winners and losers" among career choices.The bigger factor here is something you address almost weekly in your podcast.

If so you should be able to talk to a lender that has experience with construction-to-permanent financing. 

Now that we're back Stateside permanently, we wanted to start doing our own R/M, most specifically the heavy work between tenants as this seems to be the most costly time suck of the entire operation. 

People always plan to leave Vegas and "go home" or somewhere else, but the large number of extremely well paid jobs that have very low education or skill requirements tend to make these "transient" workers more semi-permanent.

This is most commonly known as a Permanent Change of Station (PCS).

Then we turn around and refi that loan into a permanent loan right away.

Airbnb doesn't make this obvious and most hosts miss it (thinking they've done what they need to do by listing it in the description), and if a guest complains about the doorbell and it's not listed there Airbnb bans your entire hosting account (and all of your listings) permanently, with no recourse.These are a very small percentage of hosts in the grand scheme of things, but for people with a lot of listings making the majority of money on Airbnb it's a lot of exposure/risk to have that all in one place with a company that has a history of just kicking people off the platform without any explanation. 

@Ryan Schumacher As a property claims adjuster I highly suggest getting as many photos and documentation of the damaged areas as possible before the contractor does any kind of permanent repairs.

If you have 10 million to invest you can live pretty fat on just talking a partial amount of 700 to 800k each year so it's all relative.