But I did not like what I saw, anything under what Costar would rate 4 stars did not appeal to me. 

Interesting I thought, that they have that high of a rating.

2) If you do owner-occupied cashout refi for best rate, you technically have to live in the home for 12 months before renting it out. * Some responders here may suggest not worrying about that and renting it out anyways.

Everyone’s got the same problem: STR oversaturationPrices are high in most markets and if/when you do buy, your competition is fierce thus pushing down nightly rates and occupancy rates in almost every worthwhile marketGood luck fixing that! 

We helped her move to PA from FL, provided a furnished apartment at a reduced rate for a while, etc.

I'm curious what lender would take something that can have swings of 50% on a weekly rate as collateral?

We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

There are also case by case opportunities within the North Phoenix market where rental rates are stronger. 

Market insights and understanding the rental rates in the neighborhood.

Now, after doing this several times my success rate is around 1 out 5.