They have utilized a number of financing approaches including: Minnesota Housing Finance Agency Tax Credits, Conventional, Grants through Duluth Economic Development Authority (DEDA), Duluth Housing & Redevelopment Authority (HRA) Assistance.Sharon Brown with Duluth's Life Safety office is a great resource as well when dealing with blighted properties.

Compared to LTR, you have to pay utilities, supplies for guests, possibly more insurance.Let me know how else I can help!

So when you utilize a cash out refinance I am assuming you will lose the initial terms of your current mortgage? 

Can I qualify as a First Time Home Buyer and utilize FHA or similar programs?

I was told by my insurance agent that a % of loss of revenue can only be covered by insurance until the property damage is fixed, which could pre-date the return of essential utilities.

They do help with reviewing our reports from our property management companies to identify spikes in utility usage on vacant properties, reviewing expenses to make sure they were approved, vacancies, etc.

I have been utilizing Facebook MTR groups in my market as well and have come up flat.Like I originally stated in my post I am currently breaking even simply with my in season short term rentals, which has been covering my annual expenses.

Taxes, insurance, pest control, utilities, software, etc comes out to around $13k per year each for my 2 bedroom cabins.Also unplanned capital expenses will add up.  

An STR hot tub is a completely different beast. 1) Hotels and fitness centers have staff that are checking chemicals twice a day to ensure the appropriate balance is being addressed, STRs do not have that luxury.2) You can educate your guests all you want.  

The amount of tools and resources provided will help launch any business utilizing creative finance. 100% recommend!