They have proven over and over again to the lenders they use so the lender do not put the pre-lease requirements on them anymore as they are a proven commodity. 

this is commonly called Gap funding  I do a lot of it.. but for much bigger dollars and much bigger deals and with very proven operators.average deal is more in the 100k range.. and I get interest rate AND PROFIT.. but its high risk ..

Unless your dryer was defective in some way that could be proven, I would tell them sorry that happened.

Your post is good because so many do not recognize all the benefits you mention.

Those markets are going to have years and years of proven tourism numbers, as well as the most favorable STR regulations, since the economies of true vacation rental markets have depended on STR income for decades.

@Carson ScottGC licensing really varies by which state you are in, from Texas, where it seems like you can get a license if you have a couple hundred bucks and a pulse, to Massachusetts where you need 3 years proven field work and 12 hours of classes. 

This will give you the ability to recognize a real deal and the confidence to take action on it.WHAT’S NEXTThis next week there are 3 meetups of which I plan to attend at least two, I’ll find a lender for the 8-unit, and make offers on both properties.

If you get good quick and then scale your business by recognizing deals quicker and also being able to bring in investors and possible partners which could help you get there quicker.The better you become with your strategy the easier everything will become, but take action and keep your eyes on the prize.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

Ramp up your monitoring over time, even as your instinct is to trust that they have proven themselves.