Hi Allison, This is definitely something you would want to get advice on from a CPA, preferably one who specializes in real estate.

Private lenders specializing in DSCR loans and rental portfolio financing may experience increased demand.

Some lenders specialize in this area.Legal and Tax Implications: Consult with a real estate attorney and tax professional to understand the legal and tax implications of owning an STR in a different state.I'm happy to answer any specific questions you have about my experience.

Conclusion: Don´t give your credit card infos for "free" products!!!

@Eric Huntermark Unless you're already independently wealthy, a conventional loan product (assuming this = bank/credit union loan), is going to probably be less attractive for you and most banks/credit unions don't lend to flippers.

He still got us a decent credit but the work we need to do to get renters is will cost much more than the credit.

But you have to ask proactively, and be mindful of how long you stay in forbearance to avoid long-term credit issues.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

Using mortgage debt at 6-7% on a refinance to pay off higher rate debt such as a credit card at 15-25% is a savings!

If the income requirements are met, credit looks good, and employment history ( at least 6 months +) at the same job, move forward with the applicant and request additional deposit.That's an old eviction IMO.I have a current tenant that I leased to with low 500 credit.

Quote from @Raymond Kalonji: In your opinion, what would be a reasonable minimum credit score?