BRRRR Strategy with short term rentals

[Brian Pouliot]

We currently own one short-term rental in Gatlinburg, TN. The property cash flows very well to the point we'd like to expand by owning multiple properties. We'd like to employ the BRRRR strategy but after doing some due-diligence before we buy we keep hitting the debt to income road block with banks since many won't recognize short term income until after a tax return is filed to show true income. In other words, after the 6 month seasoning, we still may not be able to get approved since we don't have a "lease" even if we have prior monthly income and future bookings. Has anyone found a way around this? Is there a special way to structure the deal? Or do I just need to call 100 banks until i find one that will play ball?