Again, every single choice has its pros and cons.

to get to the point, i would find an area likely to experience more demand and ensure the financials work out for both MTR & LTR's. i would ideally start out with a fourplex and depending how that goes, possibly scale from there. i do believe that it is more traditional to syndicate on larger properties so i am wondering if you know if it is possible to syndicate, starting off, for one fourplex or even one MTR condo. my gut feeling is to start with one beach-front condo in florida that requires $37,250 down . a new construction fourplex, however, i could finance with a USDA loan myself and not have to consider investors so that may make things easier, possibly.no airbnb's. maybe VRBO. two week minimum stay. only in areas very likely to have housing demand due to new factories being built.i own/run an STR right now and it is going well with only the occasional hiccup.

For the most part, I deal with a broker that underwrites 40-50 companies, so we have choices and I can make a decision then

But we made one decision that history may one day show was the wrong choice--our rate is floating. 

Depending on the investor and lender you are speaking with, there are typically several options and choices.

In your case, it sounds like some non-load bearing partition walls were removed creating a larger bedroom which is pretty insignificant.

When you buy from larger firms just recognize you are paying their overhead costs as well.

For larger bridge loans and development deals they are solid Originally posted by @Jay Hinrichs: Tarik I dont think she said she was refinancing i think she said she is looking to finance so probably an purchase money loan My main point was that these scale of loans the borrower needs to look within and be realistic if they can truly qualify.I am not sure if this company will take the 10k when cursory information reveals a high chance of loan being rejected..and if borrowers are qualified for this type of financing they usually have a pretty good grasp on whats needed. 

I am a small time STR operator in Wyoming, so my insight might not apply to larger areas, but I find that doing a theme for my STRs seems to get attention, The Rendezvous, The Cache, The Bunkhouse, The Eagle's Nest, The Cozy, etc. 

I live really close to it and I was thinking it would be a good choice for me to start there as it´s cheaper than Barcelona and it also has an ok University.