If your current lender can’t accommodate you, explore STR-focused lenders like Host Financial or Lima One Capital, or consider bridge loans to buy time while you build your rental history.

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

Banks had no reason to call notes due.

if you never miss a payment and the bank doesn’t call the loan due.

I am surprised you found a bank willing to do this.

It would make a great area for hosting, and I think it would add a significant value to the Airbnb clients.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

Do you think this issue is specific to banking services or what do you think is the root cause?

Our strongest case is that our bank appraisal says it should be much lower.