The young couple who entered were totally confused and thought he was the realtor!

I feel like the market here is very tight, and most of the properties I analyze are tight or don't make sense.

New potential tenant put 09/01/2024 to 08/24/2025 for the asked lease dates. is it normal to have it shortened by a week for the last month?

If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.

I’d connect with some local agents and see if they will save your info for next time they come across someone in the scenario and send them your info. 

How much percentage am I legally required to pay him even though I found the property myself?

I have some funds of my own, but not enough to cover the steep down payment. 

Welcome to the BP group. 

The downside?

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.