Sounds like you tried to bless them, but maybe there is another release further down the pipe you haven’t released??

I recently heard of a conference with top real estate executives that had a panel of 5 millennials.The millennials sat on stage and these executives asked them questions about where they eat, what they do at night, where they want to live, etc.How often is everyone taking millennial activity into account when making investments?

If you look back at how almost every area has gentrified in the past, they all start the same way with 'artists' migrating from an overpriced neighborhood into a new low-income neighborhood, and opening up coffee shops & other millennial-esque stores.It sounds nice in theory and I'm a big fan of tech, but currently RE tech is 2-3 decades behind the curve.

Thanks for the tip, I'll use that website next timeAlso I did 10% for capex, does that sound reasonable to you?

If you're talking $1500/month revenue from VRBO, for $41.58, that sounds like less than the PPB we would have.

It sounds fantastic!

@Jay HinrichsI’ve seen these guys too, if it sounds too good to be true, it is!

@Alessandro A.Banks will only lend up to their limits (ie. 75-80% LTV is likely the max you'll find for a non-owner occupied propert).As you point out in your original post, you're putting 25% equity into the deal that has already more-or-less been updated by the sounds of it. 

How does this sound? 

Since you asked...Our focus for this winter/spring is a mixed use project...we bought a hotel built in 1870 through a purchase money mortgage...we're adding 3 high-end guest suites for a BnB, building in a 2BR apartment for stable cash flow, and opening a gallery for the local artist community...we have plans for a tap room or wine bar in the future at the same site as well... wow that sounds like a cool project.