Finding hard money could be tough unless the ARV is crazy high as you'll be asking them to put $200k in 2nd position or to buy out the first and add $200k to the balance. 

@Ben OestrikeFor "every 1000 people I reach I can expect maybe 1 deal" is not true even in a tough market.

Joshua Tree has been pretty tough for the last couple years @Sri S.

Hey @Adolphus Fletcher,When it comes to avoiding personal guarantees on mortgages, especially through an LLC or S-Corp, here’s what I’ve learned:In the beginning, it’s tough to avoid personally guaranteeing loans unless your business has strong credit and a solid track record.

(My assumption is it may be tough to prove enough material participation if using someone local to manage.)Two things worth noting:1- I'll be discussing with my CPA in-depth soon, but would like to hear other's experiences on this.2 - The main reasons I'm looking to STR's is the tax benefits (Cost-Seg) & appreciation that comes with buying in these areas opposed to the mid-west where I look for long-term rentals..

I can prove my hours because I started my accounting firm in late September, which means for the first eight months and three weeks of the year, I was fully focused on managing my two multifamily properties.By using the grouping election, all of my real estate activities would be treated together.

This post almost proves your point about loan officers, you should see my DM’s….My first mortgage was at 12.5%.

It’s tough finding good help in the area.  

If you have 4 or more units, you have to prove that utilities are current, and every year you need to get a HVAC Certification.

Renting multiple rooms is a great way to generate high cash flow from your properties but I must call out a much overlooked watchout... many lenders will not allow this type of property use and refinancing them can be tough.