Here on the Oregon Coast, I would attest to that accuracy based on the review of hundreds of financial statements for active oregon coast vacation rentals and the performance of nearly two dozen STR investors and operators we've helped acquire properties within the past three years. 

However, if you can acquire using private money, renovate and then refi, you could be in a better equity situation and leave less money in the deal. 

Hey Anna,I can see why it has been tough to acquire financing, but I'm glad you reached out to BP.

Thanks looking to acquire a property in next 30-45 days!!!!

Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental.

Since it's not a tax lien sale, but a deed sale, we are ultimately looking to acquire the property anyway.One thing that I do need-  a good RE attorney with knowledge of Deed sales in PA, hopefully Montgomery County. 

Let’s say the second lien on your 4 plex represents 40% equity in the newly acquired property.  

Hi Dani,If what you want is to acquire some real estate, I would recommend using that equity as a down payment for a property that needs to be rehabbed.

The most efficient method  is to create one contract and then add/subtract properties that are either acquired or sold by this particular client through a contract addendum. 

I also just recently acquired my real estate license.Now, I spend most of my time with my wife and 4 boys.