Anyone aware of the ins and outs of how Fannie Mae-backed conventional lenders count income from Airbnbs?

A friend in lending told me I'd get better pricing if I have private lender do a $630K loan, record a deed of trust, before I close and then get a conventional loan after to refi the existing debt.

First off a 10 Unit is commercial not conventional so the qualification requirements are higher and you need to understand the loan parameters.

Good value in Chula Vista especially with the new Billion dollar convention center going in.

Have you considered going to the BiggerPockets Convention?

to do the cash out refi, for conventional loans like Fannie?

What are the drawbacks compared to a conventional loan?

Assessing the current market conditions and property values in your area can provide a clearer picture.Current Market Dynamics: Consider other factors like inventory levels, the competitiveness of the market, and personal circumstances.

We stick to the 1960's inventory, which is easier to work on, but I totally agree cash flow as in "replace my W2" is a myth, it is necessary and also better to re-invest cash into asset upgrades. 

Buyer has no prayer of buying real estate conventionally, and is a mess with their personal finances.