Best,kelsey  If you decide to pursue DSCR financing, I would first want to make sure if the lender is okay with it being a Mid-Term Rental.

🧘‍♀️🧘‍♀️🧘‍♀️Waiting for replies from sellers, explaining creative finance contract terms, replying to requests...

I'm making some options and trying to see the best outcome between them.

I'm working to get my personal finances well established/understood, which I think will help me determine my best path forward.

There is also an ease of financial management; it's easier to keep business and personal finances separate.

How did you finance this deal?

If ownership is a single member (me), then one of two things happens. 1) we go with the lease agreement option and then Partnership B is receiving passive income that is much lower than what is expected; or 2) we go with a management fee option and then all the profit flows to Partnership B, but the expenses unequally benefit me as the single owner. 

Perhaps adding an additional half bath is optional and could be eliminated if issues come up or perhaps for someone who is hands on perhaps they could take on more work themselves if they needed to and extend the rehab time period.

Creative financing options such as seller financing can also attract more buyers.

They have landlord-friendly laws, which is always a plus.Jacksonville, FL: Another option in Florida with a strong rental market and potentially better deals.Gainesville, FL: Similar to Tallahassee with a strong student rental market but might offer different opportunities.Connecting with local investors and real estate agents can give you more insight into whether Tallahassee fits your investment goals.