We had a local attorney who handled the process, I would follow their direction.

My listing is one of the 1st in the State to undergo the process.

At that time in New York it was about a four month process.

According to the website of the Ministry Of Tourism in he Dominican Republic.On October 9, 2001, the National Congress approved Law No. 158-01 on promoting tourism development for areas with little development and new centers in provinces and localities with great potential, to accelerate a rationalized development process. of the tourism industry in all regions with potential and natural conditions for tourism exploitation throughout the Dominican territory.In the law above, the Tourism Promotion Council (CONFOTUR) was created, to apply the guidelines of Law No. 158-01, as well as create the conditions and facilities necessary so that innovative tourism projects can benefit from the incentives granted by law.Through Decree No. 372-14, the Technical Directorate of CONFOTUR was created, in charge of handling all technical matters derived from the application of Law No. 158-01 and its modifications.Classification application files, to comply with the terms of Law 158-01 and its modifications, must be sent through the CONFOTUR website by completing the Application Form.

Note if you do send a payment to the wrong servicer it will get sent to the new servicer and there is a grace period during the transfer process

Hey DaveI've worked on both the sales and processing side of short sales and in my experience it depends on the processor/lien holder for the home, it can be within a week and sometimes up to a month.

I wrote an article on the BRRRR strategy a while back you might find helpful in explaining the ends and outs of the process: https://www.biggerpockets.com/renewsblog/brrrr-buyrehabrentrefinancerepeatprimer/I hope that helps.

I would also say build your team in the process so you are ready to hit the group running.

Conventional lenders will ask for 12 months before you can, DSCR lenders will range between 3-6 months usually with most being at 6.Its just a way for the lenders to make sure that the property is stabilized, but there are still ways to leverage it and keep your systems and processes going.

You plan on getting more Airbnb investment properties, and want to get your VA's process streamlined for future acquisitions.Whatever you decide, good luck!