Federal along with state chartered credit  unions that are not permitted to charge prepayment penalties are also competitive right now on rate and more and more are building out construction platforms, although very conservative on construction originations.  

The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.

Mentees need to step up their game and make the offer to those who can help them.

For those of you who’ve been in the short-term rental game for a while, what’s one lesson you wish you’d learned sooner?

It's a Business Credit and Financing platform that has three different levels of paid membership where they help you build business credit, connect with lenders, etc.   

Give Memphis a look, tons of opportunity to do it yourself and turnkey providers that have been in the game for a long time.

There are several great ones in Dallas, but I'll bet these days most want you to have some skin in the game, so no 100% financing and also financing of renovation costs. 

The API to VRBO sometimes is a issue but since most my business is on Airbnb its not a huge game changer.

Do you mainly rely on driving for dollars, online platforms, or networking with other investors? 

If you don't pay he gets the park back and your asset.That would put me at more ease, knowing that you have skin in the game, and are going to pay me.Gino