Often times, I advise folks to start with HML or PML and the refi into a DSCR loan with a bank/CU when the property is stabilized.I am going to assume that a HML/PML loan would be at a higher cost/rate than a bank that would play ball, so I would prefer that if possible...

I’ve joined this community to connect, learn, and grow alongside like-minded individuals.

I have a duplex that I originally intended to have serviced by individual heatings systems, but ended up installing a single system that's large enough to heat the whole building.

Don't ask me about Dutch Brothers or Burger King or Target, as soon as that is in play, my "in general" commentary is right out the window.

Two factors at play here.1) STRs generally appraise as residential homes, not as businesses based on multiples. 

.: Quote from @Scott Mac: [1]  A down vote button seems like it will lead to Cliques forming in the background, with people getting together to downvote certain individuals based on like or dislike of the individual.

.- The reality is this depends on each individual caseworker.

Investors need to do a thorough background check on the key INDIVIDUALS that they would be relying on to invest and manage their money.  

If duties were merely split between operations, capital raising and deal sourcing based on individuals strength and to spread responsibilities, I would be more understanding but that's not the new age model.

If you play your cards right, you can have the permit submission package ready for submission the week after Closing.