I know they can do 80% LTV on commercial refinances, for the right assets, but most banks don’t like being in the 2nd position which is likely what you’re encountering.

Hello All,I am researching potentially using my newly renovated 2nd unit in a house hack duplex I am living in as an Airbnb rental.I believe I am eligible as the property has only 2 units and I am the owner and reside in the property full time.Reaching out to anybody doing the same thing in my neighborhood to find out what the pitfalls are and any problems encountered so that I may address them first and save time on deciding if this is for me or not.My question is if this is worth doing and is profitable in the Jersey City area. 

I recently had an encounter with an ESA situation at one of my rental properties that prompted me to do some research.

However, he still left his older vehicle parked in front of my home and the sticker decal on the license plate on the back of this vehicle dates back to 2019 and was never renewed.

I know if the person is listed as a trustee I could directly mail to them, but I have been encountering lots of homes that are listed as John Smith Revocable Trust, or John Smith Non Revocable Trust, where I believe that the person who owns the home may either be deceased or towards the end of their life. 

Is this a strategy you’ve encountered or used in the past? 

I think that one problem you might encounter could be getting an FHA offer accepted over cash offers and 20 down conventional loans in the competitive market right now. 

I've hit a dilemma that I'm sure many others encounter at some point in their investing careers, and figured this would be a fun topic to discuss.So I've been working my a** of for at least 15 years as a chef, working 10+ hour days, 6-7 days per week, and EVERY weekend and holiday.

While I'm primarily curious about this for Austin, Texas and this "strategy" will undoubtedly vary city by city, and most likely only be considered for more suburban properties, allow me to wonder:Have you successfully financed a profitable well on any of your properties, what were the details, the savings and any hurdles you encountered throughout the process?

You will encounter what appears to be great cash flow in some other areas of Cleveland but, in most cases, it's fools gold.