The logic is the same as what others have said, how long it you expect it'll take to get another booking.

The LLC has nothing to do with this because you aren't getting a loan to a new LLC as a new investor with no track record unless you have a long-standing relationship with a local community bank or credit union.It's good that you have boots on the ground in Birmingham, but I can tell from the way you laid it out that you have done research online and made a plan based on this.

As long as the property was ready (habitable) and available for rent (advertised for rent) then the property was in service. 

I haven't started my investment journey yet, but I am interested in Fix & Flips and short-term rentals. 

This is not the time to invest, it is the time to research and have negotiations down for when the pandemic is over.If you are more of a developer there is affordable housing projects that makes sense to participate or build with a group as more people need affordable houses and regrettablely a high percentage will have to "downgrade"Vacant land is usually a good long term business.

Since you are doing shorter term deals it appears, you may want to get creative with the accounting and structure to maximize profits.

The term you want to look up is non-bank lenders (not private lenders).

Just curious the thoughts here in using this credit short term.

Investment Info:

Large multi-family (5+ units) buy & hold investment in Clarksville.

Purchase price: $330,000

Cash invested: $1

Sale price: $820,000

This was a zero down deal. I did pledge a...

This forum is full of real estate experts, and the ones who are hard selling courses, trainings, mentorships, masterminds, tribes, or snake oil usually don't last long here.