I'm organizing four events across the US for local short-term rental hosts to come together to have a beer and chat about challenges they've faced and things they've learned over the year and swap a few stories.

I realize I could cash in on any of the above and decrease the new mortgage in turn lowering my dti but my intention is to not face any tax losses by selling from any of those accounts before the end of year.

If they accept we usually meet face to face to sign it and go over any changes in contract.

The people with balloon payments with 5% equity on an asset that barely appreciated.

Its not lakefront facing property but its one of the roads circling the lake. 

However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.

It was pretty long and basically barely found one and it still all boils down to insurance. 

Also, filing the BK eliminates any chance of you financing a loan to pay the 1st so, whoever gave you that advice, run from it.1079 making this "not a quick flip" is not relevant to anything whatsoever...so ignore that comment and anything else that person said in his post.There is not enough meat on the bone for a hard money lender in my opinion and if you are facing sale in two weeks, they are your only option if you don't have a 401K or IRA you can tap into or other access to funds.

I’m in the process of getting my license and Ive been doing DMs, barely going outside.

I also am about to remodel my Father's home on Lake Belton near Temple, Tx.The reason I have become interested in 30 day rentals is my house flooded badly during covid and the insurance company was paying $6200 a month for a barely furnished two bed apartment.