My umbrella policy just sent me a non-renewal because Steadily is underwritten by Fortega which is not at least B+ rated. 

Find a deal that meets that criteria and talk to local hard money lenders. 

The spread between what they're paying and what the market rate indicates is not that much.

It's how I've maintained a perfect bond rating and managed my business with the CSLB>I've read many of your posts and am aware that you feel that you can decide when you want a permit or not  I would word it differently.  

That’s why you get a discounted interest rate and a lower downpayment, because owne occupant properties are low risk. 

It's no different than their 2-year, low interest rate teaser houses.

Although 3.1% is a great interest rate I tend to not get too caught up in keeping a property just because the rate is good.

Check their occupancy, nightly rate and amenities.

one of my clients that has a pretty big PM company.. had a unique way of doing this.He offered 50% of the first months rent or 500.00 minimum.. he would have 4 or 5 agents at the weekly meeting handout the list of vacants .. each of them would go place a sign in the yard and first come first served.. he found that potential tenants would call the first sign if no answer they called the next one until finally someone answered.. it worked pretty awesome for him. 

My in-laws loaned us the total purchase price minus $5,000 on a 3% interest rate.