From the City to the courts, the police, the litigation lawyers, the inspectors, the utility companies and worst of all the tenants. 

They are buying for the income and utilizing the tax savings they are offered.

The renovation budget can be artificially inflated so you can have a "cash pillow" for maintenance or anything else really.The conventional loan for purchase and rehab is the most commonly used by investorsIf you have a company it is also possible to apply for loans but it is necessary to have at least 6 months of activity.

Hey Noey,The way I see it would either be a bridge (depending on how low) which wouldn't necessarily satisfy the 30 year stuff or getting creative on a 30 year.You could bring on a person onto an LLC to act as a credit partner and to find a lender that would utilize their score for pricing.

Hey John,Sounds like the answer would be to utilize a DSCR lender that utilizes either pre-established STR rental income (if you can prove with AirBNB/VRBO statements) or a few that are still UW with AirDNA or a similar STR income projection program.I am aware of a few still doing it at this time, and if you can show that you know what you are doing you shouldn't see much of a cut in LTV if at all.Happy to connect and see if we can help.Good luck!

But since you reached out, I might as well network a bit while learning..Thanks Logan Hi Robert, A hard money lender bases its loan around an asset, most commonly real estate.

Cover half the mortgage/utilities/insurance/taxes etc 4.

There are quite a lot of repairs or daily requests from guests, more bookkeeping due to consumables, extra utilities, pool service, lawn service, internet, etc.  

This may not apply everywhere, but it is a common situation.

Then a locksmith isn't necessary.Don't forget to transfer all utilities to your name the same day as key transfer!