Until Fed begins to cut rates I’ve found alternative lenders in some cases to be competitive with banks on construction debt when considering the totality of factors (rate, leverage, depository relationships and pre- payment penalties).

Yeah, it would be a deep cut in their asking price which is why I wanted some opinions.

- Many flippers cut corners to boost their profits.4) Why are you worried about renovation percentages, when most already done?

A straight LLC will be far easier to get a loan or open a bank account, but doesn't provide the other benefits of a Land Trust.  

I'm sure if one can walk that "straight and narrow" path to doing it right, then its worth it. 

As you probably know commercial lending on CRE is not the easiest task right now, then add all the complications to it...foreign buyer, new LLC, new bank accounts, etc and that probably cuts out a lot of lenders who will be interested.Also find out what their goals are to determine if what they want is even feasible. 

You’ll also pay transaction fees disposing the asset, likely in the $40k+ range.I don’t think you have a clear-cut answer here, but you’ll need to rack up all the financial trade-offs to make an informed decision.

I have worked with many lenders that will give you the run around, ask for more items, with no clear cut guidelines. 

Would rather have these renters than my buddy’s who used a chainsaw to cut the sink out when they left.  

With short term rentals, you tend to take a larger cut as there are many things involved in the day to day upkeep, think 12-25%.