If your guests are leaving standard 5-star reviews, that’s great—but if those reviews could apply to any rental in your area, you’re still competing on price.If they’re leaving raving reviews, your property becomes the go-to choice—at premium rates.

Used enirely OPM to buy this one, and borrowed money from a family member who is in commercial real estate to do the renovation.

I've been looking into going with the route of section 8 (or housing choice voucher).

I was pushing to close on a property and had to borrow money just to make it happen.

Hi Charles, As long as the borrower can show they have similar renovation experience, you should be able to do 80-85 on the initial PP and 100% of the rehab financed. 

I'd rather purchase a vacant rental if I had my choice.

Borrow $90,000 HELOC.  

I figure we have around 5M equity we can borrow against after 70% ltv and buying out the other member.

More bonus points if it could look back at the borrower's track record and predict how they will do on a particular type of rehab?

When you look at cash flow modeling, borrowing much more than that causes it to be tough to get a positive cash flow.