Meeting a 20% down payment to avoid PMI seems manageable, although would take a big chunk of my liquid net worth, and I prefer this route over using an FHA loan.

@Chase Calhoun - great looking product you have built.

My former experience has been with LTR and I'm currently focused on STR in E TN but interested in learning other useful strategies and expanding markets in later deals. 

Hey @Joy Daniels, I read everything I can all the time.I read a few blogs that go over products and some design.

You would think that with all that income, they would let you use the product for commercial use.

Which is also one of the 3 fundamental needs of a business most often (customers, product/service, place of operation). 

They could also sell the property to you and lease it back, allowing them to remain in the home while accessing liquidity.

Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.

Quote from @Joelle Chilazi: Quote from @Derrick E.: Quote from @Joelle Chilazi: Quote from @Derrick E.: Quote from @Dustin Tucker: Hello Joelle, What are the laws like for landlords, how long does it take for an eviction to take place?

Here's why:This is a picture of a Schedule E.