But ultimately I’m not opposed to taking a calculated risk as long as I have a complete picture of the situation. 

Many agents don't know what that is and sometimes they freak out because they think it's a scam.But in terms of the structure it's a simple and often used strategy. 

The IRS has as long as you own the property plus 3 years to audit your depreciation schedule.  

LegoffWe sell after origination our real estate loans interest only 12 month terms Rates are 12%+

Has rent control worked anywhere on the planet or fails every time in the short & long-term.Why not have price control on college tuition, food, interest rates, new vehicle prices and energy ?

To me the biggest risk to STRs is the municipalities shutting down the ability for owners to rent homes out short term. 

I think they do a decent job on working a loan, every company has its strengths and weaknesses but I would not disqualify a company because it’s portal is awful as long as it provides me a snap shot or updates on a loan.

When you say they were good paying and clean, for how long? 

We do have a 203k consultant (I think that's the term) due to the rehab amount borrowed.

Efficient negotiations secured the property for $236,000 on favorable terms.