The lender typically is not aware that ownership has changed.

From what you've said, it seems like an AITD could work if the cash flow on the equity is solid and better than a typical single-family home.

Both these 2 are not easy to do, and typically take expertise, experience and or capital.  

Small shop brokers that have access to multiple programs so that they aren't beholden to one or just a few loan programs will typically get the most competitive product for the borrower. 

Land Basis for Condos – Typically determined using county assessor records or HOA allocation.3.

In my experience, a successful BRRRR typically comes down to two main things: finding a good deal and managing an efficient renovation.

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

.#10 CONTRACT - make sure what you are doing STR is listed in the contract - typically in the addendum section.   

What I see is typically in the $3k - $6k range for those types of properties.

Zoning Review by Entity (typical 4-8 weeks) Need completed design package to submit.