But there's one more thing--this should be coupled with an interest rate forecast that ties to the borrowing rate so that there is true variability in the underwritten rate--not just assuming that the index remains flat for the life of the loan.

Not that it will solve all your problems with this tenant, but a logging thermometer will supply you proof that the system is working if she starts calling the local housing authorities.

Let the tenants supply their throw rugs, whatever.

These tankless systems could be ganged, but this would require a gas meter upgrade, as the boiler is also a 199k btu unit, and the supply to the mech room is 1".

I think there are markers that point both directions for the future STR market.The good: Fed has increased the money supply by almost $3 trillion since last March.

It's not the shortage of land that controls development, it is the shortage 'supply chain' control of natural resources (water, wood, etc) and financial motivation that is presently moving our marketplace in this direction. 

I am a history major, but none of my history studies told me anything about how people made lots of money other than those making war supplies like guns, ammo, planes, tanks, jeeps, medical supplies, etc. 

ThanksNot enough info to give you a good specific answer, however, based on what you did supply, I personally would like to see more profits from the investments and as such, a better appreciation play would be in order.

Since you will have no cash into the deal and your lender/partner would be supplying both the acquisition funds, holding costs and the rehab costs, he/she would likely be better served as an equity partner with a potential interest pref.

How much time should I add due to supply chain issues?