.🔹 Creative Financing – Traditional loans don’t always work for distressed properties.

It was all really quick, and the time to complete everything happened a lot faster than I expected (which was a good thing).I was worried at first that I had to use all the partners that Rent to Retirement had, but it was really easy for me to shop around for different lenders with different terms and rates, insurance providers, and property management company.

Does anyone have any experience with short term rentals in PCB?

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

A bank will not give you the $ as you have to show ability to repay the loan. 

While some reductions might increase short-term costs for investors, a more balanced budget could stabilize inflation and interest rates over time.

These are the key to getting a loan.  

It is in the area that has decent short-term rental rates based on airdna and what property managers are seeing.How much more in maintenance have you all noticed on a short-term rental versus a long-term rental?

Then you can immediately put a loan on. the free and clear property and pull that cash out to get close to what you need for the ADU. 

They were abandoned and needed significant work which wasn't a huge issue but in terms of HUD owned properties i heard there can be significant processing periods.