They want to send me to the commercial loan department where the rates are awful, closing costs are high, and the requirements much more robust.What if I just get a second-home construction to permanent loan, wait 12-16 months for it to be built, spend another 90-120 days furnishing it, and then refinance into a traditional 30 year fixed as an investment property?

If your CPA doesn't have viable solutions for you, then make sure you exhaust your idea with more professionals as you may outgrow your CPA's "traditional" knowledge.

Look at listings, Airbnb rentals, and feedback from locals and tourists to gauge interest in non-traditional properties.

Hi Kristin,If you're planning to finance real estate in Illinois using only your rental income from properties in California, a DSCR loan might be a great option for you, especially since traditional income-based loans might not be feasible without local employment.A DSCR loan focuses on the property's ability to generate income rather than your personal income from employment.

These types of sales can be complex and require a different approach than traditional sales, and they often represent opportunities to buy below market value.5.

- A traditional investment loan down payment of 25% down is doable but still hard to cash flow.

It is true that traditionally commercial loans are going to have 10-15 year terms (most commonly 10 years) with a balloon payment.

I would also need to break it down with the rental calculator to see how strong of an asset it is.There are some creative financing deals even with traditional financing (like 2-1 buy downs) that many of my buyers have been using recently. 

In fact condo's are pass for me in almost any market outside of traditional condo markets like NYC. 

If you both qualify for traditional financing you could do an operating agreement/joint venture agreement and open joint accounts in a similar fashion.