Factor in an eviction cost and expectation if needed when you are looking at numbers. 

I also have the ability to take a $50k loan that would cover my closing costs.

Over the years, I've gained invaluable insights from this incredible community, and I'm eager to contribute and give back.As the founder of Data Led Designs, I specialize in business intelligence and interior design, focusing on leveraging detailed data to inform STR investment decisions across the US.

Market fluctuations, maintenance costs, and the complexities of managing tenants are aspects that require careful consideration and planning.

However, the intrinsic cost of this "sweetheart deal" is dealing with a small bank underwrite.

It's a busy time of year for most builders and providers, and a several day delay in scheduling a phone call does happens.  

With the cost of homes in SD, I don’t think we’ll ever have remaining entitlement.

The payout on these loans buts contracts at a tricky place having to absorb some of the initial costs while waiting for the drawls to occur.

Here's how they work: they advertise a low initial cost of $499 for a 30-yard dumpster, but in the fine print, it says you'll pay extra for any weight over 3000 pounds.As a first-time home renovator, I assumed the 3000 pounds would be more than enough and ended up paying a lot more than I expected.

And of course a great BRRR lender who can fund on time every time. in my business I only work with experienced BRRR folks and as such I become a capital partner and allow them to scale with very minimum amount of capital and they dont make monthly payments. this is huge its the up front costs that usually hold folks back from scaling. so if they find someone like me then they can 10X what they are doing..