Or would you not try to do this deal at all and wait to build up the cash position to fund the down payment, which could take 2-3 years?

The problem is your equity position meaning if the home is worth $1.3M and you owe $975K you are sitting at a 75% LTV with only 25% equity.

They collect the rent, deduct their fee and any other expenses they are allowed/required to pay on your behalf, then they distribute the remaining funds to you.It's critical that you review the property management agreement and understand what you agreed to.

And most investors don't want to hear this but you have to pay for a feasibility review even though this is just a prospective property.

It's a gateway into the investment you actually want to make.I'd recommend you put yourself in a position to take advantage of a REIT exit as an OPTION, not an OBLIGATION.

I am interested if anyone has a referral for a bank that will lend (first position) a HELOC on a 4 family property in Columbus, Georgia.

I even have a friend who received an unfounded complaint from a neighbor (the neighbor was just against STRs, no events/parties that occurred), and now their property is temporarily banned/under review, regardless of them abiding by all rules.

****************************************************************************************************Here's my breakdown for an 8-unit property listed at $600k, but based on your analysis, it doesn’t seem to cash flow positively.

I am also looking at Hemlane since they offer 3 different service levels and get good reviews.

For me it’s been one of the best ways to get positive cash flow- hands down.