We got a bit delayed in the permitting process...We had to get a geotechnical report done due to a slope on the back side of the property, but are now back in process again.

Anyone out there running a successful short term rental in the area?

However, this is not a cash out refi.Cash out refi is when you refinance an existing loan, with another one (i.e replace the loan) where there is enough money left over at the end of the process where you can put some proceeds in your pocket.When it comes to your strategy - just make sure you're being conservative with your numbers on the purchase / rehab if you don't plan on using other proceeds to payoff the HELOC. 

ThanksWe have about 17 rentals in Ocala and has been a huge success for us.

I just recently started a jiu jitsu academy with a couple of friends, and although I was not in the day to day grind of the process in finding a building and building the space out, I did become fascinated with the process.

I set an arbitrary goal of obtaining 10 reviews on Vrbo before incorporating Airbnb; however, this process took longer than anticipated, as only 77% of Vrbo guests left reviews.

Dan,The process to create an LLC in Illinois is pretty simple.

I had the most streamlined process, and it was truly a DSCR loan.

Focus on tenant screening, building a local team, and learning as much as you can, starting early sets you up for long-term success!

These loans require taxpayers to be current on all previous tax filings, highlighting the importance of expedited processes for obtaining necessary documentation, such as tax transcripts or copies of prior returns.