(For example, IF I was able to purchase the first home (multi-family) outright, paid-in-full, then use a HELOC to pay for the down payment and closing costs for the second home, would that be a smarter approach?)

Unlike most dynamic pricing tools that follow traditional pricing strategies, Nightpricer employs an ADR-based approach, which adjusts pricing based on the actual daily rate trends.

Hi @Mary HollandDSCR loans are a great option for real estate investors since they focus on the property's income potential rather than personal income.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

They don’t verify guests properly; screening is weak because they’re mainly focused on hotels/flights/car rentals.

Focusing on A-B areas and taking a hands-on approach definitely helps with maximizing cash flow and equity.

Hey BP Community, I'm looking into buying a second home and using it as a vacation rental ( Airbnb/ STR).

By focusing on cost-effective improvements, investors can significantly enhance property value.By first Identifying which renovations offer the highest ROI—typically kitchens, bathrooms, and curb appeal. 

Hey@Steve Chaparro, I'm a CA native myself, welcome to the BP community! 

In Reno and metro areas, insurance companies primarily focus on roofs, the age of the building, wiring updates, and water pipes, as mentioned @Cameron Moore.