More Stringent Lending Conditions: Some traditional commercial lenders, specifically local and regional banks, have been pulling back and tightening their lendingCONCLUSION: Asset prices are under pressure as required refinances over the next 18 months push owners to accept less favorable terms or give up equity to private real estate lendors3.

We set the price based on our original assumptions but the offers we received were all well below what we needed. 

Originally posted by @Randy Horner:Have you gotten your details yet?

Much of what he purchased is now worth anywhere in the 4 to 5x's what he originally paid for it range.

Long term I think things will shake out. 

Hey all,I bought my first home (currently my primary) last year and am now looking to purchase a Long term rental property.

Hey Dick, What terms are they offering you?

This could provide funds for an EMD without needing a personal loan.Bridge loans - While not specifically for EMD, bridge loans are a short-term financing option that can help fund a purchase before you have access to longer-term financing or funds from selling another property4.

I originally thought about doing Airbnb, but now I am considering mid-term and even long-term.

So by putting everything down on paper, you can easily correct the client and keep things moving.You mentioned timelines....those are hard to get everyone to agree on in the original contract because a Contractor knows that a customer nowadays will start changing things as soon as they watch that episode of HG TV with their glass of wine.I included on my Change Orders a line to add time to the project in addition to the added dollar amount.