Rent being $300 more than PITI is not cash flow of $300/month.And the $2400/month cash flow is probably a short term rental that started in peak season.

I'm looking to get started in both areas , purchasing multi family properties. Would like to pick your brains and see what kind of advise I could get , anything and everything would be appreciated. Also what would be ...

If you are seasoned or have a lot of capital, there are much bigger players you can look at.

If you have a county commissioner you could also check with them to see if your STR Rental would be a problem, I would be surprised if the county would do anything to restrict your use.We lend on Rural STR, up to 70% LTV for DSCR rentals, with no seasoning, we can use AIR DNA for income projections.Hope this helps.

Existing-home sales have jumped a whopping 9.5% to a seasonally adjusted annual rate of 4.38 million units.

Full transparency I am a seasoned property manager and will be opening my own brokerage soon - working as Director of Operations of another brokerage right now.

Seasoned investors with over four or five digit posts and votes mentioning those lenders will have validity over some with two digit votes.  

I plan to refi the property after a 12 month seasoning period and put the money back into the HELOCI, essentially re-loading my gun to go hunting again.

I am 98% in the Tampa marketHowever, I am originally from Atlantic City NJ area and actually manage 1 outside of AC and had previously managed a couple in the Long Beach Island area.Obviously very seasonal market but the one I have in Ventnor was bought for around $800k and grosses around $120k per year, 80% coming MDW-LDW

Right now is probably prime growing season when it starts to cool off a bit, but water, fertilizer and weed killer, and weekly mowing is key.Some PMs are great some not great, some are horrible.