Secondly, the extra $5k you have to come up with yourself - EVERY time - eats into the benefit.Hint: The useful purpose of applying for a HELOC is to gain you instant CASH (to invest)!

Angel,The 2nd lien programs I offer all allow for AVMs(automated valuation model), they provide a value instantly and you'll know how much you can borrow instantly without having to pay $500 for an appraisal just to maybe get nothing.Zach

For new listings, allow a one night booking, but do not do Instant Book. 

I’m a realtor and have completed a CRM on final build so based on a Comparative Market Analysis I would have instant equity upon completion of the build and could sell or refinance. 

The rent roll was so close to 1% of list price (which in my opinion is too high to start with) that I was instantly interested. 

I'm sure I'm missing some other options, but none come instantly to mind.

That would instantly change my mindset from skepticism into excitement.

Instantly I can tell the hottest markets from the normal and cold ones, and separately determine which one's I am priced out of due to crazy high values.I'd suggest a similar value-based approach if you have the data to calculate on to identify a few markets to start looking for deals in, but remember this is still too broad of analysis to make a go/no-go decision on the projects you find.

The annual returns for example are an instant red flag.

On a similar note, it seems like so many STR hosts, posting on this forum, do Instant Book and are otherwise very lenient with who they allow to rent their property and "never have any issues".