However, for a possible new owner who wants to launch a STR in the springtime of 2025, we wonder what the future may hold in terms of permitting for a new STR, grandfathering of an purchased home that was already a STR, etc.

Will you use the HELOC as a short-term bridge, or plan to hold it longer?

The content is not proprietary - it's freely available on the web, but the presentation is my private property (my research, copyrighted IP). 

Long-term fundamentals?

I've used those before for shot-term funding for renovations/rehabs in projects.

Lease Terms: Determine a monthly rent payment that covers the HELOC repayment (interest and principal) while providing some positive cash flow for you.                    

You may want to research the term ' Debt Financed Distribution' Which does have a tax implication for the investors receiving a distribution.

Be mindful of recapture tax when selling but consider long-term strategies like a 1031 exchange.This post does not create a CPA-Client relationship.

The rules are pretty complicated and the only people who really know all the terms and rules thoroughly are the Rent Levelling Board.Caveating that I’m not an attorney so go seek your own advice but I clarified a few things at a recent rent levelling hearing (which are open to the public and you can find the schedules with a simple Google).

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.