Purchase, rehab, rent it out and then refi with a commercial mortgage.

I exclusively manage STR & MTR that are managed through Hostaway.

Hi David, I'm a Realtor and Property Manager in Huntsville AL who specializes in working with investors!

They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price  I wasn't saying 0 down, but the concept of full return of capital. 15% land purchase cash. in columbus land is let's say 50k we build a triplex for 350k which is very close to 15%. small entitlements, reserves required, etc whatever lender asks for. multifamily sells for 200k per door in our market over 4 units, we are pushing the values up. first ones we are working on because of rezoning, etc but it's a full refinance on 6 month seasoning and do it again. that's the scenario that I was outlining. we do it in the urban core of Columbus where new construction trades at $325 a square foot or more for higher rents and higher equity. we could still put more units per parcel in columbus. these are all infill I hate Lehigh acres. overbuilt, no infrastructure, no commercial drivers or asset.

I manage a hand full of STRs here in Central Oregon had some tweakers come through and do about 10k-20k in damages probably. 

If you are offering some on site services you will need to be located physically where you are managing, as we are. 

Commercial lenders often don't have seasoning and if they do, it's usually 3 months.

Good Afternoon Everyone,I'm a property manager. 

Leaving it on the remaining lot is not an option as it is being converted to commercial.

I work in property management in Chicago, IL so please don't hesitate to ask questions about property management.