I have their business cards, but haven’t used their BLOCs.  

We created an LLC to operate the STR but hold title in our personal names.

Hello Fellow BP Members,I am excited that I found my first property for an STR but stressing out over the lender not meeting closing deadline.

But a lender will only go so far on the risk spectrum in exchange for a 4% to 6% return.  

I am not sure which state you are talking about but if its a Southern state they are easier to sell.When it comes to creative financing or options in general there are many options.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The one concern would be the class of neighborhood and financing limitations (much less options for financing)

YoY is up 3.5%.Rentals - Availability by MonthThe number of homes for rent remained flat MoM.Rentals - Median Time to RentMedian time to rent continued to increase MoM but still at a very reasonable 22 days.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.

That sounds crazy, I know but it depends on how you view cash-flow.