Typically it will cost a point but it’s better than hitting maturity and then have default interest kick in.

As a PM, I keep the late fee unless it's so late that I end up having to pay the owner late.  

I'm happy to share thoughts on Bryson City as well as other markets here in Western NC, including the greater Asheville area, if you want to set up a call.

Builders are offering lots of incentives right now in the form of permanent rate buy downs and closing cost incentives.

Many investors benefited from the huge run up in values from 2018-2022.

I had expected lease up to be slightly faster. 

If they are included in the rent, some tenants take advantage of that and will run up the bill. 

I would follow up with what is your goal in your real estate investment.  

You CANNOT depreciate the house if it’s for personal use, ONLY if it’s a rental use.So I can still depreciate the house, write off items I buy to furnish the home, maintain the home, and any costs associated with running it as an AirBnB when I am not using it for personal use?  

I don't see how they can come up with owner stays and hold nights.