They will inspect the project at those milestones and evaluate all the line items in draw requests before authorizing dispersal of funds. 

There are SOOOO many ways to invest in real estate that its hard to ever say with authority that "now isn't a good time to invest".

*BUT* - when I was in the Navy, I had lots of apartments, but my "official" residence was always my ship.

XXXXXXXXXXX, in book, page, of the Official Records of the County of Los Angeles County, State of California;WHEREAS, the Trustee does hereby reconvey, without warranty, to the person or persons legally entitled thereto, the estate now held by the Trustee under said Deed of Trust.Dated 1/17/2013Trustee: ReconTrust CompanyBy: Maria Fregin, Assistant Vice PresidentState of Arizona, County of Maricopa.....and then below all that, it is notarized.

The thing is, at this point in analyzing a property I'm not really wanting to make an official offer yet.

The author attended my REIA for a while and I really enjoyed talking with her as a newbie starting up because she was so encouraging. 

A LENDER lends only money over which he has full underwriting and decision making authority.  

So the three types of zones aren't "official" per se, so I would advise speaking with people who would know i.e. realtors, investors, property managers, others hosts, etc. and simply asking them what the medium to long term outlook is on STR regulation in that zone is.

I know the new rules are not official until next month, but the initially proposed contract term would go into 2026…)

You want to make sure you have factored that period into your numbers for startup time and your reserves before your STR can officially hit the market.WhereSecond up is the Where for the Shenandoah area.