The key features that make it more efficient that are hard to replicate else where is that the interest is simple interest similar to commercial loans (rate/365Xbalance daily), there’s a 20 day grace period before the prior period’s accrued interest is billed/added to your balance outstanding so you can keep chipping away at your daily principal balance with your deposits from days 1-19th each month before prior month’s interest is even billed (on the 20th/21st usually).The current CMT or constant maturity treasury index is less volatile than prime index that most heloc’s are based on (most bank commercial lines are based on 3-5 year FHLB + 225-275 BPS or 2.25-2.75% margin).

I guess my concern is is there any capability for vetting guests on GVR prior to confirming a reservation?

You need to make sure that how the money is collected is 100% collected prior to them putting a single door in the door.  

Strange how this wasn't an issue when I sold a property prior to this one.I sold this property two months ago so I'm surprised it hasn't registered yet to the new owners and still goes to me.

You would need to notify them prior to renting the place or when it’s time for renewal so that they are aware.

The lender has required a 'Prior to Docs ( “PTD” ) Condition':"Business Verification Needed - Broker to obtain a CPA letter to confirm the borrowers current business waspreviously filed as sch c and confirm how long been in business for."

I asked this very question to former head legal counsel of well-known title company here in CA.His answer: “It depends.”That was helpful.As the prior poster indicated, each of these cases are unique and have their own facts and circumstances.

Use pricing software and make sure to take in some instruction on how to use it, so you can maximize it abilities.

But, to be honest, we see this a lot with newer REIs.Did you account for the CapEx timelines for each rental prior to purchasing?

Your current mortgage payment will not affect DTI as long as you have a future tenant lined up prior to closing on your new primary.