Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

Or, depending on the property you could go non-QM with like a DSCR loan and close in an LLC or partnership.

Sell your car and get a loan on a new car.

Many of these PM's have too much on their plate and are unable to provide you with consistent communication.

Hi Mike,First, I want to emphasize that my intention was never to provide misleading information.

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

If they have a good interest rate it might be worth looking to see if you could assume their loan to take advantage of the lower rate.  

Quote from @Chris Seveney: Over the past quarter, I have seen around $1B in defaulted fix and flip loans - many of these from new lenders since 2020 and more of a "tech platform".As we all know, the intersection of tech and real estate investing has brought incredible innovation, especially in hard money lending.