Generally - you can make a referral fee on these types of loans if they are 100% purely business purpose - a lot of the restrictions and issues come from anything consumer-related. 

I’m accustomed to doing properties that I purchased with a loan.

I grew up in Memphis where I own 4 long-term rentals that are SFHs.

Hi Everyone,I'm looking into purchasing a short term rental in South Lake Tahoe.

Cost Per Year to Live: -$23,292             Amortization: +5,648.46    (aka loan paydown)        Appreciation (4%): +$27,200                             ROI= $9,556/$75k= ( 12.7%)ROI is pretty good by itself, but you can add in one more figure.

A squatter is not on your lease or subject to its terms.

The opportunity for outsized profits versus LTR always exists, because it requires much more work in terms of marketing, maintenence, cleaning.

Are you all still investing in Colorado long term rentals?

Sam, I am not sure what your long term goals of this property are but I think painting the cabinets could add a nice touch for little cost.

Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.