In a Hard money / lender situation, you are gonna be putting $50k into that deal, they lend you $200k and charge you 12% and 2 points.

We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.

I've never done any Sacramento STR loans and only been hit up for one potential financing opportunity there.

For example because New York is a generally more expenisve market, you have larger loan buy downs, bigger dollar appreciation, etc.

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up. 

I am bullish on the FHA 203k and home-style renovation loans that allow you to leverage the cost of your renovation as part of your mortgage, which is just an insane deal, in my opinion.Do you have a specific area where you want to purchase?

The reality of the situation is much different than a spreadsheet. 

Do you use traditional financing or do you us DSCR loans?

There are services like Blockfi, Unchained Capital, and many others will will give you a short-term loan backed by your crypto assets.