Once that's set, it's really not a super difficult thing to run--the biggest deal for most people is needing to be married to your phone in a way that other RE investments don't require, because you always have to be able to answer inquiries and accept bookings, and if you're not fast enough, people will often move on to other listings.You can definitely self-manage properties remotely, but it is necessary to have some kind of boots-on-the-ground help, whether for maintenance or even just helping guests with occasional issues that pop up (confusion about TV cable box remotes, etc.).

I can help you with a cash out refi - I can help with DSCR or traditional lending. 

Although traditionally Florida has seen appreciation, this is not a given.Think about how long negative cash flow can last.

However, I cannot go with the traditional leading since banks need 2 years of tax returns as self-employed.

Additionally, be sure to have a solid business plan in place to present to potential lenders.2) In addition to a construction loan, you could also explore other financing options such as traditional mortgages, lines of credit, or even private investors.

If I understand it right it’ll cost a bit more in the short run due to loan origination fees and higher interest then a more traditional loan? 

@Tacuma Bradley - I know there are a few people who are successfully doing STR in Japan, and others doing more traditional LTR, and that they are successful. 

Here are some quick numbers for context.Purchase totalAfter RenosYearly RentsCap Rate (pre costs)Cap Rate (- $300 IRS, PM, INS)$62,240.00 $64,890.00 $11,760.00 18.12%12.58%$71,280.00 $71,530.00 $9,516.00 13.30%8.27%$37,116.00 $39,116.00 $10,500.00 26.84%17.64%$58,857.00 $59,857.00 $12,000.00 20.05%14.03%$49,501.00 $56,046.00 $10,740.00 19.16%12.74%All in, we're interested in any creative financing - traditional refi, portfolio loans, DSCR, HELOC.

I am no longer eligible for traditional bank financing, so I am working on securing hard money for my next property.

Keep in mind getting it to current HUD standards will still not make it qualify for traditional lending if you end goal is to sell it.