Long story short, I put that $25 aside and it managed to pay for itself for the next eight years.

This approach allowed us to proceed efficiently and without delays, ensuring the project's smooth execution.

I like Single Tenant Buildings because they are almost hassle free with no ongoing fees for operations or management etc Hope this helps

On top of that, if the property is being used as an STR, most lenders will want to verify that you have experience owning managing short term rentals.

@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.  

From my research the template seems to be a packet including: Developer Credentials Personal Statement (Available Upon Request) List of RE Owned Current Property packet with Pro-Forma, Rent Roll, Comps, Budget, Projected Returns - similar to an OM on most CRE packets.This was a good guide, Commercial real estate finance: A basic guide for an effective loan request package - Buffalo Business First (bizjournals.com)Commercial real estate finance: A basic guide for an effective loan request package - Buffalo Business First (bizjournals.com)

How do you keep the management straightened out to execute your cash out strategy?

This deal highlighted our strategy of cost-effective renovations, quick execution, and efficient project management.

@Tianbo Li  property managers dont usually have time to takk to folks that have not yet acquired property but feel free to DM me.Each And every Section 8 office is run differently.

If you are focusing on cash flow and only looking at deals virtually, you are likely going to get a dawg that looks like a poodle and turns out to be a yappy pomeranian who needs a lot of trips to the groomer.Have you managed apartments before?