I'm a new property manager, have been hosting my own house on Air BNB for just over a year.  

HELOCs typically do not go above 75-80% of value and since the property was purchased recently they would not see that equity unless you did some major rehab to the property.

I am happy to share that I recently came across a solution called Property Llama that is a huge step forward for folks like us..

When I found the property I simply extended the radius of my search and tadaaaa "duplex" cought my attention and especially for a $350k purchase.

I wonder with Canadian economy struggling if there is potential to purchase distressed properties that could be converted into long-term rentals or successful AirBnbs (especially in the cabin markets that have been hit hard).

I definitely wouldn't sign a purchase agreement before seeing the property.

A close friend of mine in Houston once had a client who owned two properties across different states.With your North Port place being so fresh (2021 build) and on a canal, you’ve got strong appeal for folks looking to enjoy that waterfront Florida vibe.

This then would allow you to look at a property 1500sf 3/2 with the same rehab as a property in the same condition that you got a bid for 1-4 weeks ago..

A feature that our Pro Members love is the fact that they can manage of all their rental properties for free using RentRedi.

Quote from @Peter Dukaj: Troy, Birmingham, and Royal Oak does not compare to vacant Detroit properties Yes, Peter.