Hey @Adrian Roytberg, this is always a tough question.It seems that you have zero experience in running/managing a STR so basically you want to learn on the job.

@Michael FradettePrivate or hard money 2nd position loan.Also realize most lenders will not go above 75% cltv so you will need to have a significant amount of equity That is if you can even find a lender to do a 2nd

So you can fix the light switch or fixture; you can't remodel the kitchen.

Just filed so that our team can be fully up and running in the greater Tampa Bay area.

Good read so far and informative.Thanks a lot!

Thanks Ned these are some great pointsEssentially by creating “terms”, you e can try to manipulate the payments so that they cover the expenses 

I was interested in commercial and investment property, so joined a mid size commercial brokerage as a broker - associate.Most brokers/agents at that time, even more so than today, did not “specialize’, at least with very specific parameters.

We were so excited to go, but something came up, so we can’t make it anymore🥲The early bird price was $3,536 for everything.

(Also, the developer is reasonably experienced + wealthy and has personally guaranteed some of the existing development projects - but wants to move away from that)I'm also planning to get some equity in the JV / the broader development company (much less equity than if I were to be a pure equity investor of course). because I do think this could scale to 300-400 homes / yearOf note: These homes are modular in nature - so are faster to build and margins are projected to be attractive.My questions for you all is:Have any of you lent to development assets with cross-collateral from cashflowing properties like this?

So that is either a duplex, triplex, or quadplex.