Strategies like REPS and short term rental loop hole can be complex and expensive to get wrong from a time and money perspective. 

@JD Martin a long time voice of reason seems to say at least 75% empty.So either you ask for an extension or cancel the deal as I doubt a reasonable seller would take their property off the market that long. 

They are a reputable DSCR Lender however it is always smart to shop around on rates and terms and get multiple quotes - no reason to just settle on one!

My partner actually lives in the area that we want to invest in.The long term plan is to just use this as a buy and hold.We were planning on splitting all the repair costs.Great insight though, I think we will have to go back to the drawing board and see what type of property would truly benefit both of us.

I do not want to change the loan terms, only the % interest rates. 

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

I’m in the market for a short term rental near campus.

Since the number of sales is so low and owners hold on as long as they can it will take a major market shift to start seeing comparables with the ADU variable. 

We also make sure to tell the tenants surrounding those units to let us know if they have any issues with short term tenants.

Client Relationship Management: How can agents build and maintain strong, long-term relationships with investor clients?