From the time we met, we did all the previous mentioned in just two years time, so we are definitely goal focused and not afraid to put our heads down and work!

Like I mentioned before the initial reason for setting up the LLC and running the short term rental through it was to show income through our tax returns and have more access to lending in the future.

Don't mention it to the locals though, even a proud rough neck like you might not be able to make it out of that one ;)

Even then you won't be able to get the heloc amount to 90% ltv.You mentioned that when you rent your property out it will rent for 400 more than the mortgage.

This approach avoids any specific mention of what you found and keeps the denial grounded in general terms, which helps minimize the chance of confrontation or claims of discrimination.3.

@Ryan A Shumaker  All the packages mentioned above are good options if you are doing just a deal or two but if you plan to do multiple deals over the next few years, you may want to look at customizable funds provided by Avestor that combine the best attributes of funds and individual syndication deals. 

I didnt even mention land costs , and the cost of the construction itself , and commissions . 

@Jacob SwihartYour insurance will go up as Gustavo mentioned since it would be a rental income property.

The problem of course is that they always fail to mention the fee structure that is hidden on page 157 of the 200 page insurance policy handbook that they give you that describes how the policy operates.  

As mentioned, I flipped 500 or so :) We were buying them for all in 20- 35k, 7, 8 9 years ago.