Not having the correct ARV and having the rehab get a low appraisal is my main concern.

A second option is getting a DSCR loan.Lastly, knowingly leaving deductions off of your tax return to qualify for a loan is mortgage fraud. 

Pulled this together for a RE Investor meet up on how "today's tech stack" is breaking down historical concerns of STRs being a time-suck for RE Investors when looking at either purchasing properties for STR deployment or evaluating assets for STR usage vs other strategies.

Since the BRRRR strategy relies on recycling your capital, it’s typically better to stick to the minimum needed for favorable loan terms.Also, consider leaving a cushion in your HELOC or reserves for unexpected rehab costs or delays.

We get about 200 - 300 maintenance requests every month; I would have to hire a FT property manager just to "walk" the maintenance concerns.

If you’re concerned about the cash income, you could consider additional safeguards, like a higher security deposit or using a guarantor.

Hey @Kyle Jacques, so leaving Evolve does mean, like @Patricia Andriolo-Bull said, you lose the account and will have to start from scratch.

Has he offered her any cash for keys to leave early?

If they don't leave you will have to evict them.They are M2M, so, just give the actual tenants a 30-day non-renewal.

Good question SteveI made the choice to leave up the posts, if there's something that seems like grave misinformation please do reach out to me and let me know.