I'm also somewhat reluctant to using a HM Lender with the high fees they charge and I think utilizing private lending / or a JV may make more sense.BP colleagues, I appreciate the time you've taken if you've read this far into my post and I kindly ask for your input on how I can help my friend avoid this unfortunate situation she's found herself in.

I recently started my own STR co-hosting business and charge 20% which includes everything from advertising unit on multiple platforms, turning over the unit, guest communication, dynamic pricing, etc.

You will have to create listings on the various platforms.You will have to find multiple vendors for repairsYou will have to have cleaners.

Can I reuse this one on multiple deals? 

Just a few comments - if he withdraws or takes the distribution from the 401k it is taxable as ordinary income and not sure what impact that would have on his tax situation.  

I think its going to depend on situation and that rates will be dropping this year, but there will likely be volatility and spikes either way - with only 3 weeks to go, likely pretty smart risk/reward to lock in early - 

But it's a great idea for families to have multiple activities for kids or even adults.

Hey @Chris McClellan, I have 5 STR in the Windsor Hills area in Kissimmee and manage multiple homes too. 

My area is booming and multiple apartment complexes are being built right now.

When you start getting more experience and have multiple successful flips then they will offer you lower interest rates maybe 9-10 %.