In the case of a nationwide shut down like we saw, if that happened again, I personally don't think we'd see a such a massive pent up demand from vacationers, and could see people operating as normal if any more mandates are imposed, but it's hard to say. 

To put it in perspective, it is 100% true that a cash buyer has an advantage over a person who needs a loan.

I've done this a few times.Most of these loans are managed by service companies so they are not tracking when the property moves into and out of a personal name or an entity. 

One main point here would be I do really like this house personally.2.

You need to decide on your personal Risk/Reward dynamics.  

It didn't suit my personality or my goals in the long run, much less my lifestyle! 

Hello BP Community,As a person familiar with real estate investment, I am now trying out a new type of investment in travel.

Mike, each lender has their different overlays, but if you’re looking to get a hard money and or Bridge loan to begin the BRRRR  strategy, here’s a list of the most common documents lenders may ask for:- experience / track record- personal financial statement- scope of work / budget- LLC entity docs- maybe bank statements (lender dependent)everyone is different and each loan is a snowflake.

I always volunteer to manage our clients purchases in person when they buy in the USVI :)But just like you can sell any where in the US and buy anywhere in the US - You can also sell any type of investment real estate and buy any other type of investment real estate. 

I appreciate any insights or personal experiences you can share.