We've actually done a few this size as all single asset loans for clients who wanted a full 30 year term. 

Factor in startup costs for furniture and marketing.  

Usually a thorough exploitation of depreciation with cost segregation, partial dispositions, various exceptions in Tangible Property Regulations etc.

Look into ways to borrow money, do your homework carefully, and aim for a place that will make more money than it costs to keep.Good luck!

As is an all but universal truth in investing, there is a cost to lowering risk exposure, a cost to returns. 

But the refi will likely cost you $3,000 - $5,000 - so there goes a good chunk of change that maybe you can refi into the loan... but it is really just a hit on equity.   

Persistent supply chain issues and strong consumer demand have not helped the issue subside; however, the core driver of inflation is and has been increasing shelter costs.

@Jose ChavezAs mentioned notes are very standard documents that your attorney should draft.A PG is another separate document just like there also should be a loan agreement if to a LLC and some security instrumentWe use an attorney to always draft these and charge the costs to the borrower as part of the closing costs

Hi Adriana, I have helped clients access financing in Puerto Rico. 

I estimate cleaning costs/charges based on the number of bedrooms and bathrooms.