If you’re struggling to find a lender, a good place to begin would be by making a list of lenders who financed projects similar to your own in the market where you operate.

It was a dream purchase for me and my wife, but after joining Bigger Pockets and all the great folks on here helped my move into the STR game.We ended up with a standard 2nd home mortgage that was almost immediately transferred so we just started listing it on VRBO and AirBNB.

Start saving the percents you mentioned above.

Please let me know if you do know of a place thank you 

I don't think Cleveland is unique for having bad renters, you just need to have an excellent team and property management in place.

My name is Nitzan Mosery.I love real estate and I love the possibilities it provides and the freedom.I love to have fun and travel.My goal is to network with like minded individuals and build empires together.I am here to help anyone and everyone get started in real estate or if you want to take your game to the next level.I've gone full cycle on over 10 multifamily properties.My tean and i bought around $50,000,000 in class A student housing in the last 18 months.Looking to partner with people who want to grow exponentialy.Please reach out if thats you.Rock and Roll

Thanks in advance :) you can make direct investment in development deals through single purpose entities not funds. a lot of family offices don't invest in funds they invest in direct placed capital.

As mentioned earlier, only a few mortgage types can be truly assumed, mainly FHA and VA loans.Yes, if you only are making over the payments then the debt stays with the seller and transferring the title to you is more complicated.In the end, the starting point is making sure the numbers work.

If you have paid extra, or if it's interest only, or some other feature...you may have to do something different but amortization schedules are usually a good place to start.

You do take the risk that you will actually get a tenant that only wants the place for 6 months.