Additionally, I am seeing a lot of STRs now being advertised as MTR or LTR.

My plan was to gradually raise rents to market rate over a two-year period, which would generate a cash flow of $200 in two years with a 7 percent interest rate.The seller is firm on the purchase price and has cash offers as backups if our agreement falls through, but we are currently under contract.Pls let me any additional info needed, as this is my first post. 

So, most are working a w-2 job full-time in addition to real estate investing.

With real estate, even if you have a great property manager, you will spend time purchasing the property, coordinating construction, responding to issues your PM escalates and organizing your taxes etc...The main benefit to real estate, when it comes down to it is leverage.

You will have to spend at least 15k furniture, kitchen appliances bedding ect, IMO not worth it .

@Joe Pirapakaran I think it really depends on how the additional cash out affects your DSCR ratio and your cashflow.

It’s a reasonable arrangement as the LPs put up most of the cash and the GPs do all the work in addition to signing on the loan.

Additionally, as with every deal, it is important to run your numbers and make sure your have your goals iin order as well as a safe way to unload the property need be.I am located in Milwaukee and would be more than happy to talk further.

Will have to spend more time on the research.

He would let them spend hundreds of thousands with a store buildout and then after 6 months they would come to him to buy them out.