I just was on BP's Real Estate Rookie podcast and talked about the small and mighty game plan. 

This client was transferred to me by another PM in our company because her portfolio is maxed out and she doesn't have capacity to take on more properties.This client had been self-managing a short-term SFR for the past several years and recently converted it to LTR.

Sorry for the long winded back story, but end game is to put a A frame on the existing 20x40' stem wall above near where I"m standing, and put some stairs into a drop down area below for chairs/fire-pit overlooking the river canyon below (but out of view) under where the drone is flying.

https://www.planning.hawaiicounty.gov/resources/short-term-v... has the details.So with that said, I have had several clients purchase STVRs and have great success. 

The advice I have received is that HELOC’s should be used for short term loans only with a definite plan to pay it off. 

Additionally, Gilbert and Chandler have emerged as strong markets for short-term rentals, benefiting from a combination of year-round tourism, a family-friendly atmosphere, and proximity to major attractions.

@Robby SanchezBridge loans are short term and if they default or mature in many instances the interest rate doubles - so make sure you have a very solid exit planI see many get a bridge loan and realize they don’t have the 25% equity in the deal to refinance to another loan and end up getting wiped or foreclosed on because they never researched what they needed to be at on the back end when they were refinancing.

For more expensive properties you'll be wanting to pay a lower interest rate and doing short/mid term rentals.

The team is very transparent and responsive.In short, I have nothing negative to say and am overall pleased with the responsiveness.

And right now, homeowners across the country are sitting on record amounts of it.Here’s a look at how that equity could be a game changer for you, and why it’ll flip your perspective from “Why would I move right now?”