These lenders typically cover the purchase and rehab costs because they’re more focused on the value of the property than your personal financials.Rehab: Use the borrowed funds to fix up the property, adding value by making necessary repairs or improvements.

We are planning on adding my brother to the LLC.

Oftentimes, mobile homeowners will roof their home with a shingle or steel roof for added visual appeal and water protection.

This determines instantly if a lender will touch it.Another factor: STR financing is getting harder to come by (at least in the DSCR space). 25% of the industry used to lend on STR's, now it's less than 10%.And it being a condo, expect anywhere from 15-25 bps added to the rate.

Thanks for everything you added here, this is super super helpful!

Instead, I would be focusing on adding the STR to as many listing sites as possible!

If your open minded to renovating and adding value you can do very well in these areas.  

You can call one of them and ask for a cost per square foot for install of the floor you picked out. jay’s book is awesome but it’s pretty general so you may need to be adding to it for your specific market.

You may want to confirm this approach with a tax professional for added clarity.

Also to your point about D vs A - I think that your turnover costs would be cheaper for an a class property that a D class.