We also just purchased a house in Oliver, WI that we plan to run as a short-term rental.

In smaller towns, this is usually a specific individual within the Planning Department. 

Link to home: https://www.zillow.com/homedetails/5649-36th-Ave-SW-Seattle-...Link to new Seattle zoning plan: https://one-seattle-plan-zoning-implementation-seattlecitygi...

What's your plan?

I’m trying to keep things moving, but this $20K requirement is throwing a wrench in my plans.

If I have several options, I would prefer a HELOC with no initial draw requirements (i.e. to establish a literal line of credit that I have no specific short term plans to use), i.e. not something like the better.com HELOC. 

If you plan renting out this property, that cost recovery comes from cash flow (equity doesn't count). 

2) How long can your reserves support the negative cashflow3) What's your plan to solve negative cashflow long-term?

I am eyeing up a property I want to buy that costs much more than usual so my plan was to use a hard money loan to purchase, and rehab it with my own money, then sell. 

@Heather Bailey they will ask you what style of renting you plan to do.