I've started cold calling local hospitals and larger businesses trying to see if I can secure a contract to provide them with a place to house their traveling professionals so more to come on that. 

It’s been seven months since I purchased the program and have already flipped one house, my second house is getting pictures taken today (rehab is complete) and will be listed around the middle of next week.

It never was an issue as the seller and his/her agent knew before accepting the contract that the buyer agent fee of X% was included in the purchase price. 

Also people who make money by having people purchase STRs have vested interest in under representing the associated risks.  

DSCR Loans are typically great for STR purchases - however, DSCR Lenders are going to require at least some "skin in the game" - so won't be able to have a 2nd lien for the down payment. 

The good news is, with your experience and equity built, you're in a fantastic position to jump in.The key thing to remember with these larger deals is that they're rarely done solo.

So people are still traveling in spades, more than ever, maybe just not to the same places, making this likely a local thing.More to @Jerry Calhoun's point on international travel being the hot trend now, the Booking.com CEO was just on CNBC giving an interview and he said that in the past two years their bookings revenue in the US has very much outpaced European bookings (which have lagged coming out of covid), but is seeing much larger growth in Europe bookings this year.

The reason I ask is that a new prequalification letter from the lender has listed the maximum purchase price that results in a DTI ratio of 60% if I follow the above equation.

They may indeed raise the price on subsequent cars but not on the car you’re about to purchase. 

Hi Kevin,I did not initially because I had just purchased the home a few months ago, so I had no estimates on what the monthly / annual expenses would look like.