A property I am interested in purchasing had some extensive repairs - water leak from roof resulted in wood rot.  

It could be because so many first time home buyers are already stretching their budgets that they don't have the money to rehab a place. 

@Louis Zameryka if you’re considering a beach STR, and there is nothing familial tying you to Gulf Shores, I think you’ll see better performance year-over-year in Destin.

You decide to have a cost segregation study performed and based on the study, your assets are split up between the following categories: Tangible Personal Property, 5-Year Useful Life, 15-Year Useful Life and 39-Year Useful Life. 5% of your assets were reclassified to Tangible Personal Property (to be fully expensed in year one), 10% of your assets were reclassified to a 5-Year Useful Life, 15% of your assets were reclassified to a 15-Year Useful Life and 70% was determined to stay with a 39-Year Useful Life.

Networked extensively for many weeks while organizing relocating from Mercer Island, WA.

I had an excellent experience purchasing the property and so far the property is performing according to my expectations.

"- Closing date passed, no extension was put out there.  

That being said I would look for funds that align their fees with your success through a small asset management fee/ most of their fees tied to the asset performance.

Of course rate and terms are something to consider but knowing they can perform/close and protect your reputation in the process is key.

Buy the property on how it's performing.