Have the tenant sign a Lease Amendment indicating that the tenant is responsible for the cost of installation of the charger, any maint and repairs, and also removal cost (if desired later by you or the HOA). 

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

I see a lot of EV charger companies popping up and contacting me.

If the reason is one of the three I pointed out (usually is), it should create pause on your part.

Total costs to date for Phase 1 and Phase 2: Just under $700K.I am getting the existing home appraised and expect that to come in at $550,000 to $600,000.

Navigating the mortgage landscape can be complex, but I am dedicated to making the process as smooth as possible for you.Looking forward to connecting with agents and investors sharing some of the experiences we face in the industry on a regular basis!

I have some funds of my own, but not enough to cover the steep down payment. 

Long story short, I have been selling assets and plan to move back into the lending side of the business... 

Houston's short-term rental (STR) market has been unregulated up until now, but that's set to change by the end of 2024.

Jokes aside, I believe @Noah Wright's post brings attention to another issue and that's the smaller investments many capital raisers are seeking.