Obviously there’s going to be in the economies of scale between how much the policies cost, whether they require gas to get their own policy, and the number of vehicles, etc.Originally posted by @John Underwood:Originally posted by @Clint Harris:I agree John, but there are golf cart rentals in just about every Beach Community that is golf cart friendly, and typically those seem to be pretty high earning individuals.

Not trying to be mean but you should have found out the regs before looking for a place not when your about to close on a property.Now I would call the county and find out what the requirements are and see if you can even make this a STR.Also 5k seems way too low to properly furnish a house.I think 20k would be more realistic even if you bargain shop.I bet I would need 30k to replace everything in my 3 bedroom STR.

That's the OTHER requirement that most commercial loans will need. 

Plumbing - does the plumbing require major renovations? 

Mortgage company may require the appraisal but what may happen is that you would have to fund 20% of appraised value plus the difference between the appraised value and sale price.

Most investment properties require 20% down ($80,000 on a $400,000 property) and you get 7.75% interest for a payment of $2,293.

., there is still the possibility that the land may not sell for a substantial profit.Additionally, the investment required in improving the land also involves time and energy.

They all wanna get 3 done this year.Capital is a requirement, I know it is said that you can do this with other people's money and you can but Capital is still a requirement. 

However, some of those equity partners would be willing to be taken out as they were the former owners of the properties.I wanted to see if anyone had any insight into how we can go about raising the balance of the required funds.

We require a 2-year work history, supported by YTD paystub and last year's W-2(s).You won't get stable rent payments, unless tenant has stable income, which they won't have unless they have stable employment.