This entails dedicating a significant amount of time and effort to the short-term rental business.

Román Law Office: Located in San Antonio, this law firm serves people and businesses in various areas including Real Estate Law.Woolley Wilson, LLP: Based in Dallas, they offer services in Real Estate and Business Disputes among others.Dunnam & Dunnam, L.L.P.: This law firm has been serving Waco and Central Texas since 1925.For a DEEPER DIVE, go to the States Legislative Register and find out who proposed the law changes.

I just did something similar last week but it took 4 business days . 

Your friends return is also predicated on when he bought, a few short years ago property values were 30% lower and rates less than half what they are now.That being said Tampa is great because we have multiple draws: Beaches, Pro Sports, Bourgeoning Waterfront Downtown area, Busch Gardens, Midtown, World Class Airport bringing in Business and International Travelers, and more!

I want to create this rental real estate business so that the day-to-day operations can run on it's own soon.

You can have two houses that are identical according to the data on paper/ virtually, but millions of dollars apart in value for infinite reasons that you just can't know without being there (level of finishes, condition, smell, same builder or different, how the property will show to potential buyers, micro-location (same sub-division or different one across the street, one has awesome views while the other doesn't, one could be on a lake while the other isn't, one could be next to gas station or on a busy street, near train tracks, a smelly factory, backing to commercial or high density multifamily, one could have settling issues with the foundation because of expansive soils while the other doesn't etc. etc. etc.).

If the tenant's business fails, the property might sit vacant until a new tenant is found, disrupting the income flow.Property Specificity: Some NNN properties may be built to suit a particular tenant's needs.

Its zoned multifamily (actually Res with commercial use) with a business office on the first floor and an apartment on the second.   

A tenant who doesn't follow the rules detailed in your lease agreement is a problem for your business.

i think having 'discovery calls' with multiple brokers/lenders is always a good idea. see what loan products they can offer you, what their rates are like (but note that many tell you one thing & ultimately have to close you at another), and most importantly make sure you have a good gut feeling about them. make sure they're responsive and want to educate you & don't try to win your business by sh*tting on other lenders. it weirds me out that the person you talked to had said what they said. to my knowledge, rate shopping & getting your credit pulled for it multiple x in one 30-day span is just fine. all those hard inquiries fall off anyway. it's worth it to get a great loan product and a great rate. and they're wrong - not all lenders have the same products to offer!