Some markets are so saturated a house may bring in more as a LTR than an STR.

Thank youCREATING a note from the sale of rental property can be beneficial IF either of these two possibilities exist(1) you are able to obtain a significantly higher price on sale of the property by offering a seller financed note WITHOUT an undo increase in default risk(2) you are able to “wrap” an existing mortgage note bearing a low rate of interest with a seller financed note bearing a higher rate of interest. 

Dealpath seems like it could be a great fit if we scale as projected over the next 3 years, but I want to make sure we're choosing the best tool for our needs.Ideally, we're looking for software that allows us to integrate our existing Excel models and helps with deal organization and KPI tracking.

So for instance, there is an existing note and you want to do a HELOC based on their criteria 75% LTV and you get it but because there is already an existing 1st mortgage (lien), the HELOC would be 2nd?

I never use 100% occupancy, even if it currently exists.2. 

If you’re just saying the survey cost of getting the existing building layout documented is too much, you might be able to get creative and avoid the costs, but it’s not a great bet to make. 

Instead, have your family record a private note on your existing property.

Another BTW, the state of NY determined in 1947 that a temporary housing crisis existed in NYC.  

The possibility exists (only hindsight will let us know for sure) that now is NOT the opportune time to purchase SFR as investment property, UNLESS the plan is to hold FOREVER, or at least 10+ years.

What if the existing tenant needs an other semester or who likes living there?