Also want to confirm that they are a direct lender  If the poster is trying to get a loan is in the DSCR arena, licensing is not a requirement (and could be a detriment) and being a direct lender would restrict them to just the loan products their company has access to. 

There is always the Heloc path but those can gett you into trouble and have restrictions like shoter amortization, Prepayment penalties, interest only, (Can create bad habits of low payments) which causes a standstill balance. 

good luck with your search although I do think BP is an odd place to look for framers :)

Just make sure there is no restrictions to the extended stay model in your loan documents.

It’s a great business to be in and if done properly, the odds are pretty high one will have success. 

Most bank robbers get away with it the 1st time, yet no one comes on bigger pockets & ask’s if it’s a good strategy, even thought it’s quite profitable and you have decent odds of getting away with it, it’s still illegal, immoral and if you do get caught you’d go to jail.

Even the narrowest without garages might be 12 units per acre. mixed use is complex and you need a commercial agent. that's a small plot for mixed use. if you don't have a lot of experience I'd recommend talking to the city first about permitted uses within your zoning and what they may allow variances on for development, check your height restrictions first.

Then again you could be doing really well in that same situation and have the city restrict short term rentals and kill your business plan overnight.

I am not getting any real response other than STR which I can't do because of HOA restricts to 6 months or more.

This approach maximizes your odds of always having a reliable tenant in your property.SummaryThe image below illustrates the three steps to choose properties that can generate the income needed for financial freedom.Follow the numbers to achieve financial freedom, not the opinions of others.