Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Strategies like REPS and short term rental loop hole can be complex and expensive to get wrong from a time and money perspective. 

If it is not in the scope the contractor will provide a quotation for the work and is not allowed to start the work until you approve the change order in writing with the defined and agreed upon price and terms. 

@JD Martin a long time voice of reason seems to say at least 75% empty.So either you ask for an extension or cancel the deal as I doubt a reasonable seller would take their property off the market that long. 

They are a reputable DSCR Lender however it is always smart to shop around on rates and terms and get multiple quotes - no reason to just settle on one!

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Since the number of sales is so low and owners hold on as long as they can it will take a major market shift to start seeing comparables with the ADU variable. 

I do not want to change the loan terms, only the % interest rates. 

I’m in the market for a short term rental near campus.

My partner actually lives in the area that we want to invest in.The long term plan is to just use this as a buy and hold.We were planning on splitting all the repair costs.Great insight though, I think we will have to go back to the drawing board and see what type of property would truly benefit both of us.