It's rare to a get a nonrecourse DSCR mortgage without approx 50% down and a ton of credible operating history.

Hello everyone,I'm Kody, a passionate real estate investor with a focus on rental properties and fix and flip projects.One of my core focuses is on creative finance.

If your looking for the least amount of risk and biggest bang for your buck I would look for a company that is a reputable turnkey provider thats actually in Detroit and offers things such as an efficient boots on the ground team, all sorts of established local relationships, solid in-house management, an operation that is highly skilled and well versed in section 8, a company that has proven relationships with both out of state and local lenders.

There is currently 1 washer/dryer set, regular/non coin operated, in the basement.

Some key pointers so that your operations go smoothly:Underwriting: Don’t shy away from the process of analyzing hundreds of deals before finding one that fits your criteria.

From my experience oakhusr is more reachable in winter months than other placesI have been in operation for a little over two years my first slow season was awful, I can’t really give you an accurate number but somewhere around 25-30%.

If you’re looking to invest long distance, I definitely recommend building your core-4 team.

The most important start is a good team or good turn key operator.  

I have little confidence in what a homeowners policy /w STR rider will cover, because no other insurer I've talked to is okay with this for an (essentially) full-time STR operation. 

I am not sure what kind of appreciation a boutique hotel can create, as hotels are very much operating businesses and the real estate itself holds minimal value outside of the business operations.