My question is what is my best option to get equity out of the property to do the rehab and do you have any lenders you would recommend.Thanks for your valuable time.Regards,James AustinHouston, TX

You have provided very valuable resources that many of us will be able to use.

now for the STR space this seems like a very good business that many would get a lot of valuable intel from. 

However, they bring time-tested methods and valuable experience to the table.Younger Investors: They’re often viewed as energetic, motivated, and quick to embrace new technology.

Sometimes, having a reliable tenant stick around long-term is more valuable than pushing for an extra $100 a month.

Read these articles before investing in the Midwest: https://www.biggerpockets.com/forums/12/topics/1171104-the-m...https://www.biggerpockets.com/forums/48/topics/1159104-overl…

You should look into DSCR Loans - many investors like yourself typically move to this loan product once they max out with DTI/qualifying conventionally - a bit higher in rate than conventional mortgages - but no DTI ratio or tax returns/income verification makes a much easier qualification process and LLCs are 100% ok (even as sole owner) and actually often preferred.PS - published a 10-part article series here on BP last year on everything you'd want to know on these loan types - sharing links below, hope it can help!

I belong to the Facebook group and have found the community to be pretty valuable. 

Hi @Ryan Nelson ,You If your house is listed for $100k and the agent wants you to pay their commission for bringing the buyer, counter their offer with either:Rise the price to offset the cost of commissionsYou agree to the agent's offer and you pay the commissionYou don't sell to themHow valuable is it to you to sell quickly for higher (gross) dollar compared to waiting for a different buyer willing to pay their realtor commission?

I wrote an article about the screening process for BP, you can check it out here.To directly answer your question, we require 2.5x the rent for gross household income.