We don't have that guideline for cash-outs, we just utilize the 1007. 

The client was willing to gamble on furnishing for STR over LTR route and we were good for 3.5 years, then one day the man came and shut it down. 

After 45 years investing across many asset classes, many investment types, and everything from lowest risk to outright gambles, I think I finally know the answer.The biggest divide is between investments in which operational control over that investment is with the investor, and investments in which control rests with another party.  

It’s just a gamble.  

People mentioning that they put their life savings in something in hopes of a better future is gambling.

Quote from @Christopher Berra: Quote from @Kevin Perez: If you want any advice feel free to reach out all of my rentals are S8 in several different states - every state has their own rules and guidelines but reach out if you are still interested What has your experience with Section 8?

To address these issues, the Florida state legislature proposed a bill during the 2024 legislative session to provide relief and clearer guidelines for property owners.

Melissa Hi Melissa, DSCR loan guidelines vary per lender and are always changing.

Even though you’re purchasing a new primary residence, investment property underwriting guidelines need to be taken into consideration with your scenario.

Standards have to be a bit stricter, not saying higher, but stricter.Another guideline is every April & October, everything is paid with cash and if cash is not accepted--debit card-- it really makes you look at how you spend.