While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.

One thing you can do right now: create the Furnished Finder listing with unfurnished photos, mention in the description that the property will be furnished soon, and start fielding inquiries and watching the unmatched leads section.

Hallelujah hallelujah.. lol - I'm going to follow your lead really soon my friend. 

Hi All - I found a lead on a MFH (5+ units) that is a short sale.

The whole thing seems odd, some people aren't great at responding to leads.

In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.

The key is to understand the capital stack, who is in line in front of you and what are their terms.The people who are getting burned may have known there was debt in front of them, but did they know it was short term or variable - did they know all the details to make a good judgment on the investment.If a property had 20 year fixed debt at 70% would you take that over 3 year debt on a variable rate at 50%? 

They are either landlocked or the road leading to it and often than land itself sits inside a dry creek bed known as an arroyo that floods whenever it rains upstream.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I don't know you guys but even if you think James has a bad reputation you probably should not lead off with that if you are trying to find a solution.