Short Term Rental Financing

[Kayse Malak]

Hello! 

My name is Kayse and I am a fairly new real estate investor. I have 4 long term rentals and 1 short term rental. The short term rental is very successful. I was able to purchase and finance all of these properties on my income alone (active duty military) and used the profits from a sale of the first home I ever purchased for the down payments. I want to buy a second property to use as a short term rental around the same area as my first one, New Buffalo MI. I'm having trouble figuring out how to finance this. If I were to buy it as an investment I would have to put down 20-25% of the property which would pretty much use up the rest of my cash. On top of that, most lenders I've talked too do not recognize short term rentals as investments. I am looking into hard money lenders but I have never gone that route before. I am just looking for some advice or suggestions on receiving financing for a second short term rental. Thank you in advance!