@David Weitzel great deal, and welcome to the forumns, I love the idea of doing a flip on my own street, seems easier to keep things under wraps but perhaps you still had contractor issues it sounds like?

I was very skeptical and cautious because I was relying on these business lines of credit to make this deal possible. 

Hi Pankil,There's a lot less options for 5+ units in the market compared to 1-4 units so it'd be crucial to line up financing beforehand.

Choosing the right lender for a HELOC (Home Equity Line of Credit) can make a huge difference depending on your goals.

Back to the DTI, if you want a quick down and dirty way to do it, start with the bottom line 24 on the 2024 return, then add back in Depreciation (line 18), and possibly interest expense (lines 12 and 13) IF it's also counted against your debt in the liabilities section of the application.

@Bobby Paquette really depends on the Class of the property, which is determined by tenant pool, location and condition.Class A: easy to manage remotelyClass B: more challengingClass C/D: should only be attempted by expertsIf you follow the STR lock strategy, you can install smartlocks and then program codes for each tenant's lease.

Quote from @Cory King: Hi @Bill GrenierThe amount of structures can have an impact on financing but there are options out there.

Looking to build an ADU on my property, considering buying a prefab or having a contractor building it.

Anything else is luck and relying on luck is gambling. 

I am completing my due diligence on a possible motel purchase in the Lake George/Lake Luzerne area.