Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term

@Eryn Garcia  I agree with @Eli Kantor  the hot tub instructions with photos really saved us a phone call at one short term rental and that is saying something since my husband can figure most things out. 

I would review my loan agreement - as the bank must abide by the terms within that.  

The term, structure, LTV, and rate for bridge loans will vary by lender.

Frankly, I wouldn't feel comfortable owning a condo long term due to rising HOA costs and major assessments.

I am on the opposite side of you on the Mortgage Banker side of things seeing things skyrocket in terms of applications right now with out of state buyers. 

This is common in my area/Colorado in general especially the ski towns that still allow short term rentals. 

What if your loan has higher costs than you were thinking? 

In this case, we had a renovation loan that required us to identify a general contractor and plan the entire renovation before closing, so we had to move fast or lose the deal. 

This positive cash flow will provide a financial buffer and support your long-term investment goals.Multi-family (MFH) and single-family homes (SFH) are distinct asset classes with different characteristics.