Life is full of surprises and it's how we respond to them that defines our character.

They will usually want to see you have the capital for closing costs and some "reserves", meaning they want you to have a few months left over to cover any surprises.

Overall, it's a very great chance of there being mass foreclosures and like I said, I would not be surprised of the market having devastating down turns.

It surprised me that he found a good BRRRR deal on a DM from a forum post... so here I am (because why not open up every avenue I can to reach my next goal.

You want to buy real estate with no savings, which even if you can scrape together a 10-20% down payment, means you will have no cushion to fall back on when the inevitable surprise expense happens. 

I am bit surprised that anyone who operates a STR would consider not having the correct insurance.AirCover and VRBO's coverage is not insurance.

The HELOC would act as en emergency way to tap into their equity if needed - as long as they don't spend it unwisely!

Are there any emerging areas near Charleston, since it is getting so expensive?

Using a smaller bank or credit union is the way to go.Being that you have been in business for 10 years I am VERY surprised your business banker can't help you!

I have been surprised how little they care about things other than comfort.