While it’s not impossible to close in mid December and still meet all requirements of the STR loophole, it will be extremely difficult due to the nature of hitting 150 hours, having it rented for 15 days or greater and having the avg stay be no greater than 7 days and not a decimal more.

My main concern is whether it's hard to meet their criteria for properties and secure funding.

I feel like having some good experts helping me clearly identify best practices and targets for success (instead of guessing) to be extremely helpful. 

It is extremely difficult for your tax preparer to know if what you give them is right without a balance sheet unless they dig into each transaction which will be very costly.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Title changes or profit-sharing arrangements could raise concerns if they violate owner-occupancy or primary borrower rules.Financing in Your Name: Since the 203(k) loan will be in your name, you’ll be fully responsible for repayment.

Though the property and surrounding areas look nice in the pictures, the doors and windows has bars which concern me.I am just starting our my RE investment journey and all help is greatly appreciated.

Why I am leery of these "creative" things for people with little to no money One of the concerns of going to fast is over extending beyond their resources. 

I would have to call someone that is extremely motivated to sell and willing to accept any offer despite what they had listed to accept the offer on the 1st call. 

That's extremely difficult :(The good news is, it sounds like you have equity in your property.