Before taking this on I’d verify with the historical society and building department what process you need to go through to renovate and if there are any requirements on what you’re allowed to do or not do. 

But the intensity of that process becomes all the more critical when dozens of candidates are often interested in a rooming house vacancy.

We are starting the process of purchasing a 2nd home/STR in Blue Ridge.  

Consider talking to lenders about what that refi process can look like/what will be needed as well for when you are planning to pay the HELOC back.

The process is new to me. 

Also, my buddy recommended them to me because he uses them and said the process has been pretty easy so far, and all the points I listed were based on his confirmations. 

I would definitely make sure I understood his situation before starting the eviction process.

Hi Xiang - Having a reliable lender by your side from start to finish is essential for a smooth process, minimizing surprises—whether it’s ARV or something else down the road.

Treat it as you would a processing error from a valued vendor and u are in a good spot.

Hello all, I am in the process of purchasing a 2 family home using a DSCR loan.