Thanks, I'm looking to get into short term or long term rentals for starters.

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

I would like to build a duplex on it for long term rental income.

After the HELOC, it would drop down to about $450 per month.My goal is long term equity and appreciation, and not cash flow.

What terms are they proposing?  

The national organizations can have a lot of money backing them from Alumni and it would be a very long term lease. 

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

I know it’s going to take a lot of digging and possibly building my own pipeline for off-market leads to make this strategy viable long-term.

Negotiation tip #47, make it as simple as possible for the other party to accept your terms.

I'd rather keep the sub-3% rate for now and finance other properties conventionally for the short term.