When it comes to a commercial mortgage, do you just wait until a couple of months before the mortgage reaches the maturity date before looking into refinancing or do you start the process within a year before the maturity date?

He has a lot of information in that book that will help you navigate the process. 

My wife and I are about to launch our first STR and want to build systems and processes from the get-go. 

In short, this market has a huge barrier of entry and it is capital or very strong borrowing power and usually both.There are lenders who will lend to a no exp investor, but not some 500k Long Island property that needs 200k in work and will resell for 1.2 Million. 

If you can I'd certainly look into a software that can help point you in a direction and optimize your process.

We currently own our home and we are in the process of renovating a lake house that we plan to hold as a short term rental.  

Repeat this process and you can easily build up a portfolio. 

Potential is like wishing in my eyes so a break even amount for rent on a $700k property at 5% down seems like a huge ask.

I'm basically hoping someone can help with explaining the process and paperwork from A-Z.

I found this deal thanks to my realtor, Tom Sproul, who helped me through the process of going back and forth with the seller's agent.