Lenders that have flexibility to originate in multiple states and have a wide range of programs available provide more value. 

Hi Jessenia,I've been in the game for quite some time and have many battle scars to prove it lolMy best advice would be to always look at a worst case scenario and start from that.By starting with a worst case scenario you will be able to quicker eliminate markets that aren't a good fit.I don't know much about NY but personally, I wouldn't invest in any market that takes 6 months or even worse longer to evict.Worst case scenario for example = Tenant doesn't pay rent and trashes the property.I would want to be able to evict, fix and re-tenant as quickly as possible.Time is money and I want to keep moving forward and not deal with financial and emotional drag.There are many markets nation wide that are landlord friendly.My business is based on Ohio and there is no mercy for non payment of rent.Eviction usually takes 6 weeks max and although I never want to evict, being able to do so quickly minimizes risk of that investment.Thanks 

I move everything to a garage, if I one is available and it is able to be secured.

Leveraging Seth's local market expertise, we secured the property for $250,000.

That’s a wide generalization and I’ve seen people that make $200k or more a year be total jerks and trash units, but I kind of get what he’s saying.

Comprehensive documentation and a clear explanation of your investment strategy will be key to securing the HELOC.

If they are on the hook for any fees then would I just deduct that out of their security deposit?

Is the management company financially secure?

I am particularly interested in purchasing my first investment property as a short-term rental (STR).After analyzing recent data from AirDNA, I have identified several promising areas: Douglas, Saugatuck, Fennville, and I am also exploring opportunities around Stevensville and New Buffalo.I understand that regulations around STRs vary widely, and I've taken the time to study city maps to identify areas where they are still permitted.

I laughed and stopped listening to the guru when I realized that you can't just tell people that their money is secured by real estate and that in 2nd position they will ALWAYS get paid.