I don't advertise on Craigslist and FB marketplace-I rely on word of mouth  so people know before they come to my house they WILL be tested multiple times a week and WILL have to go to AA meetings, do their chores and be a TEAM player with the rest of the house. 

Given that your rental property currently cash flows over $3K/month, the DSCR might be too low to qualify for the full $900K loan, unless you can show additional rental income or strong reserves.If your goal is to access that $200K for another investment, refinancing with a DSCR loan could be worth losing the low 2.99% rate, especially since it would eliminate the high-interest HELOC.

UPDATE: The Hotel Occupancy Tax (HOT) compliance timeline has been moved to now start on February 1, 2025 (this was previously set to start in October)Any short term rental advertised through a platform remitting the hotel occupancy tax to the State of Texas (such as Airbnb or VRBO) will begin paying the San Antonio HOT directly to the city monthly through the platforms.

It’s impossible to advertise a contract without also advertising the property itself, which you can’t do without a license. 

Where are you advertising?

Most have exited since the earlier thread's activity, so I'm starting a fresh thread asking members here, did you participate in any of the completed deals and was your experience and return as advertised?

This is perfect if you’re using the BRRRR strategy and want to access equity sooner rather than later.Working with a lender that specializes in non-QM loans for foreign nationals can help you get favorable terms and streamline the process.

I founded First Access Lending to provide access where others can't.I can write second liens up to 80% CLTV on investment homes, sometimes with rates lower than cash-out loans, AND you get to keep the low rate on your first mortgage.The products are rare, so I'm not surprised to hear other lenders saying they don't offer them and/or recommend other products.Let's connect, and I can give you a quote!

Using a HELOC for Down Payment and Rehab Costs:A HELOC can be a great way to access equity for new investments, but taking out nearly all the equity on your SFH rental could pose some risks.

@Mike H.I don’t have North Georgia mountains experience but I do have metro Atlanta (Kennesaw) Airbnb and vacation in Florida Airbnb experience and I’m looking to expand into the north Georgia mountains Ellijay or Blue Ridge I also just purchased a membership in the Northeast Georgia MLS so I have access to those properties as well.