Trying to read between the lines it sounds like you have a regular owner occupied homeowners policy in place on a rental property. 

The use of the line depends on the goal and exit plan.

Before you build a pipeline you have to get your experience in sales conversion and knowing how to find the right product for any client you may encounter. 

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer.

I just used cash to build my first 3 specs no loans at all.. once done and sold then I went to lima got one loan from them.. then went to local bank ( much much cheaper) and got a 3 mil  guidance line and went on to build 30 or so in charleston.. you have to prove the model.. its not like buying a rental where lenders look strongly at your fico  fico is required but not the main consideration like and investor loan and all you need is 20% down or 30% down and a few bucks in reserve that wont fly with spec loans..

Quote from @Marc Shin: Hello - i have a 1br 1 ba STR and the refrigerator is not hooked up to the water line so the water dispenser does not work. 

I like that, unlike with say trading for a hedge fund, I can create opportunities for others rather than solely line the pockets of someone richer (that being said I still intend to make money).

I have done 3 showings with a few more lined up. 2 parties have expressed interest and I want to request your help in choosing between the options:Party1: Willing to pay $4,000 p.m.

Everytime i engage in a product its more unexpected money being required and I just do not like that.Good information.

I'd be interested in hearing from condo investors about why this real estate product makes sense even with the low COC returns and HOA fees that cannot be influenced?