., if they're the selling agent or own the construction company, etc.)If all estimates go to plan, then the 55% net profit should provide an 18% annualized ROI for the $1M, but likely lower.

At the 6th month mark you can elect to do a "rate & term" refinance if the LTV is 85% or less.You can use the same title company "Master policy" to save a good chunk of change on the refinance and ask for an AVM to avoid an appraisal (if no cash out).

:-)I invest with a private company in FL. 

Whether it's an electrician, or yard person, title company, Property Manager, etc. usually getting a referral from another investor in that market helps limit our risk to "unknown" people. 

I own a marketing company and a  Non-profit organization for assisting homeless veterans. 

I know people who have purchased properties for appreciation because some "big company was moving to town and the values were going to skyrocket" or based on some news their buddy told them, who subsequently lost everything when the company plans changed.There are many ways to skin a cat.  

I do drive past my properties (granted, I intentionally have always bought within a 10 minute drive of my house) and after bad experiences with 4 different management companies over my 14 years owning rentals, I self manage and self lease.  

I am looking specifically for someone who is excellent at carefully monitoring and toggling pricing with the goal of keeping the Unit as occupied as is possible.I do have access to a few excellent cleaning crews and so I can take that on, but am also open to full service companies who have cleaning in house.I will also consider "small footprint" operations with good references and proven expertise.Thank you,John

Maybe I should bring this up with the company...I don't want this to be all about GR but we have always had DSCR options that go below that 1.25% ratio. 

I've launched an STR management company locally also if that interests you at all.