I'm curious if there is a demand for smaller short term loans. Maybe in a Market where housing is less expensive. Or for Closing cost, Ernest money deposits, etc.

What will your need for reserves be generally, and for each property?

So that will be $35/month in costs + that you will need to account for who paysJust my 2 cents

I’m thrilled to be a part of this wonderful community of investors.Whether you’re looking for insights into the commercial market, need advice on your next investment, or simply want to discuss trends over a coffee, I’m here to help.

*No need to mention to me umbrella policies.

@Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well.

You may also need to show STR rental history on these properties from the previous owner if you are looking to qualify using short term rents.

We are very much in hard insurance market with most carriers having a no loss rule going back 3 to 5 years depending on the carrier.

I dont have one so I will need to create one from scratch for 2024.

Happy to help anyway I can just need some more information!