when partnering with people on a Joint Venture deal make sure to thoroughly layout all aspects of the companies operations and ensure that a clear understanding is made as to who will oversee what. taking the time to find the right partners can go a long way when the going gets tough or feelings get hurt. initially the deal involved partnering with a hands off venture capitol group but luckily an owner of a nearby carwash offered to go in on the deal instead and provided his industry expertiseDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Why do you think purchase contracts are so long and have such small print?

I'm a landlord and I want to bring 5 years or more term for the tenants.

I'd recommend prioritizing Airbnb-friendly municipalities in Florida in case you need to go the short-term route, which tends to give you a higher monthly income.

If it is not in the scope the contractor will provide a quotation for the work and is not allowed to start the work until you approve the change order in writing with the defined and agreed upon price and terms. 

So I think pivoting can be the right move.Florida is a very pricey market, I looked at a few markets around T.B.  80k will not stretch a long way in those markets and I near that the permitting process can be a nightmare. 

Strategies like REPS and short term rental loop hole can be complex and expensive to get wrong from a time and money perspective. 

I do not want to change the loan terms, only the % interest rates. 

They are a reputable DSCR Lender however it is always smart to shop around on rates and terms and get multiple quotes - no reason to just settle on one!

I’m in the market for a short term rental near campus.