Still, two things to consider are that typically, lenders charge a higher interest rate for IO-only loans.

Hiring a professional designer for short-term rentals can bring several benefits that enhance the overall guest experience and property profitability:Enhanced Aesthetic Appeal: Professional designers can transform a space into an inviting and visually appealing environment.

Currently met lender  who offers extremely good terms. 7% int only split over 2 years.

(this whole sale where you see the proceeds pictured above, was I realized I had to get more liquid and retool my balance sheet for long term growth. 

I found this deal off market and found agreeable terms with the seller involving a midterm lease during renovation.

I contacted State Auto, and they initially said that foundation issues were covered and provided terms and conditions for that.

You'll typically ask for it when you're requesting permits to modify your home to have the JADU.You can "sub meter" the water instead of installing an actual water meter.

Ithaca is like another planet.STRENGTHS-  appreciation is pretty much guaranteed, no matter how crummy your property is-  student housing isn't restricted, they'll live anywhere-  having an ivy league school means there's a lot of money flying around-  rent is high-  tons of development and growth going on-   strong STR performance outside the city properWEAKNESSES-  almost absurdly high prices-  similarly absurdly low cap rates-  pesky annual inspections required on multifamily properties-  most deals happen behind closed doors, and agents tend to be very unhelpful-  5-7% cap rates typical, sometimes lowerSummary: Ithaca is a great market to park your money in and wait.

We signed a new set of lease documents (month-to-month) with him with terms that I am familiar with and with the stipulation that the unwanted guest needed to leave within 30 days or we would ask the main tenant to move out.

Trouble is that I don't yet have long-term employment in place (just moved to the area a month ago).