I would think with the HELOC, I could run with that until I can do a refi and with the interest rates starting to come down, there should be some gains to be made and I can repay the HELOC in short term. 

Best thing to do is think about what you want, what your short term (5 year) and longer term goals are. 

But it's in your interests to make sure the property value makes sense and the borrower has skin in the game.

It's all a part of the game. 

In short, it was an unrealistic ask on the part of the company, and they knew it, but didn't care because they had already made their money off of the up-front fees they charged the debtor and ultimately didn't care whether the debtor got help or not.  

Hey friends, I'm an agent in Daytona Beach and I locking in my first short term rental listing.

Currently my short-term management property is managed by the property management company.

Offer discounts for applying in a short time period or- offer a free application fee. 

The expectation established fell far short given all the mistakes and poor advice.

They openly state their game plan in podcasts and how easy it is to evict people and just take over their home because they can’t afford to move it!