A short term rental upstairs would be an amazing idea however the area in tahoe of which we are located is seasonal market as there arent too many things to here besides skiing and winter sports.

We are getting into peak season and if the place is already furnished then now is the time to try it as a STR. 

Even seasoned Realtors,  and invest have me walk the property ans give them a ballpark price. 

Most lenders will require 3-6 months title seasoning on a cash out refi with a DSCR loan.

Ask to see the previous year’s P&L, Ask about previous peak seasons, ask them to share a copy of the emails from all previous guests (For marketing and Follow-up promotions).

Purchase price: $293,000 Cash invested: $37,000 Canal home with poolBuy, rehab, rent, and waiting for the seasoning period to refi.

Has not gotten into the busy season just yet to evaluate the income fully.

By the time you get to know the market, you'll have a better understanding of the players, including the wholesalers and investors.

Let it season for a month or two so that they don't see the large deposit on the statement and start asking questions.

You don't need to refinance out of the primary residence loan to buy another primary, but the other seasoning applies.