After the 3 year period to redeem property, what am I to do as the tax payer?

If you have a history of having rented the property by the room, a lender will very well look at the rent you have gotten and lend based on that (or at least the DSCR won't reduce below whatever LTV is offered on the appraisal).

Regular properties are probably in a better position because people always need a place to stay, and if I'm not mistaken back during COVID if you had a tenant who couldn't work you could call your bank and pause the mortgage. 

You can use the proceeds from the bridge loan to cover the down payment and closing costs on a new property, which enables you to buy a new home before the first one is sold.

It was an off market property that was sent to me after connecting with a property investor local to the area.

Do make sure that you are over-insured if anything, and as Chris suggests, don't do dumb things with the property.....no loose handrails, broken steps, etc.

Hi there - I'm an investor new to the Indianapolis Residential Market and I was looking to network with active Residential Investors. With the market in a tricky place, I was curious how other investors were financing...

I mainly  focus on properties with Add value potential in Tulsa Ok.

Is it wise to take a HELOC on my primary home to for the downpayment for a short term rental property?

My name is Pete and I'm looking forward to buying rental property income in the near future as well as increasing my knowledge and education in real estate.