Does anyone have a good lender/contact for a commercially zoned tourism home?Purchased for 180k over 1.5 years agoReno 280,000kARV 520KExperience through the roofFICO 700+The trick here is the prop card/zoning - does ...

I think this would be more of a long-term hold for cashflow purposes, however it seems minimal to start, and I feel there is likely little to no appreciation with this property. 

In addition to being a long-term real estate investor I have been a commercial/res appraiser, historic property renovator/contractor, property mgr and more so I don’t mind properties with issues as long as they are fixable and priced accordingly, and my investments are all about the numbers (NOI/Equity).

You can explain that any changes to the lease must be carefully considered, as you want to maintain the original terms that protect your interests.If you decide to allow the change, you could draft an addendum stating that each tenant is responsible for their own rent.

In 2020 the house was 75% done and I had to re appraise the house and get a new loan to pay off all my credit cards, personal loans, etc.

As a long-term, it looks like I could rent for $1,400/month.

If I do a cash out refinance and assuming I get a loan rate of 7.5% that would put my monthly payment up to $1800.

(FYI- I don't have a ton of cash laying around and will be getting a loan on this.)Thanks to everyone who chimes in. 

Quote from @Ravi Ramu: Hello Everyone,I'm hoping to get some advice on obtaining a short-term rental (STR) permit in Tobyhanna Township.

Hi everyone,I’m reaching out to see if anyone has experience dealing with local regulations that seem to overstep property ownership rights. Lately, I’ve been encountering some challenges with municipalities imposing ...