For us it varies by property - smaller more urban units can be 80,90% Airbnb whereas larger beach houses can be as low as 30% Airbnb but company wide on 65 or so doors last I checked was 40% Airbnb, 30% VRBO, 30% Other (Direct, Marriott, Google, Booking.com, Jetblue/Allegiant Airlines, others).

I would connect with a broker who can help you compare terms across a wide variety of lenders and explain the differences in underwriting, rates, fees, etc.

This house was very nice and clean (build later 1980) My tenant recently claimed there is mold on 1fl (it is like basement as there is no window, it is next to garage) When i see, the mold is not only one area but it seems widely spread on the ground floor (laundry room, wall, celiling etc) Since it is OOO investment, it is not easy to deal with mold issue.

Prices wont come down enough to justify buying as a rental, rents could be rolling over and interest rates will be range bound for a long time. 

It has done well, but worse than every other property in my portfolio and by a wide margin.  

We have a wide network of investors worldwide, but our business operations happen right here in metro Detroit.

The initial effect on mortgage rates was a subtle increase in long term bond yields, however in comparison to earlier this summer residential and commercial mortgage rates are down considerably.For example commercial lenders were in the 7%++ range just a few months ago, and recently are as low as 5.5%-6% and falling.

Note that if this goes well, I would want to continue making deals there.I don't think this is necessary in this day and age - plenty of direct lenders that can offer you good service and DSCR Loans for a wide variety of situations with competitive rates - easy to find here as well. 

Hi @Chris Heeren,I've mostly looked at Multi Family - 2-4 units but am open to single family homes and small apartment buildings depending on the price range. 

Speaking of junk, doing my research tonight saw a 1/4 acre lot for sale.....except that it is 25' wide and 407' long.