My guess would be that as this GP is doing 1031 as a TIC into the deal he would be a little less likely to want a sale, which is a taxable capital event, and would like to keep his money invested and sheltered from taxation as long as possible which tends to fit with my investing style of long term/preferably forever investing.        

Be very careful of these fake on line lenders.. its a huge scam these days.. while 100% exists in the market place its only for well established long term repeat clients.

Both units are rented as short and medium term rentals.

We've actually done a few this size as all single asset loans for clients who wanted a full 30 year term. 

There's a lot of research you could do on VRBO/AirBNB/AirDNA to compare similar properties in terms of rates and occupancy, but my experience is that Gulf Shores and Orange Beach are more popular because of the nearby amenities, nightlight, recreation, and other things to do. 

If you plan to keep this loan for the full length of the term and don't plan on refinancing again, it may make sense to get a 30 year fixed note.

Our combined expertise and strategic approach enabled us to negotiate favorable terms, ensuring a successful fix-and-flip transaction for Partner Driven.

Some a short-term loan can also help you with DSCR loans with fewer regs and guidelines making your loan process much simpler.

Here, you can compare returns on in-state And out-of-state LTRs & STRs.The calculators will show long-term growth projected on each property.

I am out of state so I have a reputable PM handling the tenant but I want to make sure I am adequately protected in terms of liability and such.