Negative cashflow is never a good idea (even if you can support it).

When someone presents to "tap" Private-$ we want to do as little thinking as humanly possible, that's to say the burden is on you the proposed borrower to present a complete, detailed "pitch" outlining the allocation of every cent, contingencies, time-lines, data supporting each action item.

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to support@biggerpockets.com and someone will help you.

They should be responsive and communicate clearly, possess a strong understanding of the local market, offer reasonable rates, and support borrowers throughout the process, all while ensuring legal compliance to protect your interests.

If you are planning to use a DSCR loan, lenders will want to see a valid lease, utility bill, or official document supporting you are living somewhere else. 

Still waiting for "support" to get back to me. 

Even if the numbers look good now, ensure the local rental market can support your projected rents.

When vetting sponsoring brokers, think about both the support they offer and how they align with your investing goals.

I would decline reiterating cancellation policy and advise guest to cancel or contact Airbnb support if they believe they are entitled to a larger refund.If anybody else has similar experience, I'd love to hear the outcome and any advise!

I’m looking to connect with others about investing in these areas, whether to provide support and hopefully guidance to avoid landmines or to learn and gain insight and share resources in order to gain strength though shared successes, challenges and ideas