Yes, we can all agree there’s historic vacation communities where STRs have an informal historic precedent or maintain a supply/demand advantage that makes regulation unattractive to local municipalities, but there’s plenty of others where the investors have overbought, managed properties poorly, and are now part of a perception problem that’s driving bad legislation atop stupid headlines of irresponsible investors who think they’re operating in an ATM industry versus hospitality. 

Do you mean being able to speak with the servicer?

One bug report and one request:1) LinkedIn account link feature asks for the full web address, and then puts it in the URL twice, which returns an error.2) Can we add "Asset Management" to the list of Software > Specializations? 

Hello, TLDR: Work-ready SFR for full rehab on owned property, purchased for $125k in August 2023, needing $160k for rehab (total costs $285k, ARV $420k). 

What are your thoughts about the cost of the CPA services.

Thus if you do seller financed I recommend using a mlo to originate it with an underwriter and then have it boarded at a licensed servicer. 

I have 2 rental properties(a 2 family home that I bought 9 years ago that needs new roof eventually and a short term rental a few hours away up north that has a 5.2 rate and is very updated) I used a cash out refi in 2021 for the 2 family to take out 25k(and it lowered my payment, went to a 3.2 rate for 25 years for the 2 family) and then used that 25k to buy a 240k cabin up north to use as a short term rental and family vacation home.2023 was the first full year for the cabin and it brought in 25k, however expenses were 36k, so 11k in the negative.

- own them outright- plan to owner finance at 10% down 10% interest I use a title company and attorney for closing along with servicing company once done. 

It was free the first year (or not free since their poor service and my lack of understanding cost me my tenants), but I refuse to pay for them again. 

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).