The buyer would then refinance before the 2 years is up.

I recently got out of the Army, and I picked up Rich Dad Poor Dad.

Hi Donald,We can use 75% of the rents to off set the mortgages.

I prefer the cleaners coming closer to the time of the next guest than immediately after the last guest leaves (normally this is only an issue during our slower season).  

It clicked then why the interest rate was so high (8.4%) and why closing costs were higher than expected. 

On the bright side, a lower LTV will decrease the risk of the project for you so it's a good buffer to have on your first deal

Because you have to keep the same taxpayer as owner from the relinquished property to the replacement property I'd worry that the legal protection you'd want for a development TIC won't be there.DSTs have high fee but probably are the best path forward for someone who wants to be fully passive and avoid legal risk.

Any tips or suggestions I should keep in mind?

thank you for the input. we actually have 20 years of experience. are you saying that after we have experience with the company? 

The house has now been appraised at $265,000 market value. 1908 sqft.