I would just recommend having something else standout and attract guests to your cabin if that's the case (e.g., theatre room, great game room, murals etc)My Morganton property went live in December as a 3 bed so that we could get some holiday bookings and we had no issues getting it booked.

Recording this successful referral for anyone else who might be looking for funding 😊 

Lenders like Newfi who offer a full Non-QM suite and multiple rental property loans with different qualification structures (and brokers whose purpose is to do the same - as many options as possible) - can likely toggle how they are framing a loan even though it might look the same to the end borrower - if they are asking for Tax Returns they are likely on the back end structuring it as something else while it may look indistinguishable to you as the borrower

But everything else thats decent and close, I'm keeping and pulling money out via refi's. 

Vrbo completely messed up mine last spring, adding sentences such as that I had a waterpark, and then running all of my paragraphs together so that it was virtually unreadable. 

It was flipping houses once, then wholesaling, then something else, but it's STR arbitrage currently! 

Bigger Pockets Podcast #82 guest Thanks David- I did call them today and the girl that answered said she had to ask someone else and that person said yes it would be paid..

That is okay they are selling a product... except you're not comfortable with the deal so walk away and find something else.

Just make sure the contracts are solid and everyone is on the same page.Would love to hear if anyone else has faced this challenge and how you managed to secure your EMD without upfront funds.

As a result (at least in my area) most appraisers rush this process and give something like 112% value for remodel- which is utterly ludicrous, as our remodels are enormously leveraged and should give closer to 300% value.And with these ARV based DSCR programs, you need a high ARV dollar amount, or else they further drop your LTV.