I haven't moved forward with anything yet, but I did stop looking at the Condo Hotel options for a couple reasons.

Now, as you mentioned, the property has to be in move in ready shape (but can need updating but has to be livable) for conventional or DSCR loans. 

Keep investing and moving forward!  

We have a mid term tenant moving out Friday and are looking at about a month of vacancy before our next tenant moves in.

You won't be protected by anonymity on this deal, but moving the title into the LLC intra-rehab may help with asset protection. 

KNOW all the numbers 1st, then move forward All the best 

The lease states that the tenants are responsible for the full unit rent regardless of the number (in the event one tenants moves out before the lease ending date).  

The 3.5% would be due with the first months rent before move in.

We are still seeing many of these homes being listed for 100%+ over what they purchased a couple years ago.As a buyer, the positive is that the good majority of leveraged Airbnb investors have moved on from Joshua Tree leaving mostly cash buyers and if buying now, you should have a lot of leverage to negotiate with since the competition has thinned out.Mortgage interest rates move with the Fed and the general consensus is that there will be possibly only one rate cut this year in Q3 or Q4 with no more cuts until next year.

I want to sell it and move to Virginia.