Hi, I am 19 and going to school for finance and real estate and have started crunching numbers as a practice to see if I can find some good deals. Based on the information I can find and an Excel template I am using i...

/Building Dept. won't do this analysis.

I use Pellego (https://www.pellego.com/how/analyze) for rehabs and REI-lense (https://rei-lense.com/) for long-term and short-term rental analysis.

However, if they do, they are likely just 'okay' with it and would likely leverage the 10-07 market rent analysis on the appraisal to actually calculate and determine the official DSCR during Underwriting.Hope that helps, if you do have a tenant who is willing to be flexible, the 12 month is always the safest bet.

Here is what I see in your analysis:1.

Your property analysis should include funds to pay for a property manager.

Also, you must familiarize yourself with local laws and regulations regarding STRs to avoid purchasing in areas that are not STR-friendly, which could save you from legal headaches and poor investment choices.Another critical strategy is staging your home to appeal to your target guests.

Still in the initial stages of my search. 

They take historical data/analysis and run it through a model....

Not familiar with it, but as with most HELOCs, the analysis would come down to the cost of capital vs the ROI you think you can get on spending your home equity.