On top of the line of credit, we have also equipped them with unsecured revolving lines of credit totaling $377K in which they use strictly for renovation.

I did the same thing and made a lot of money strictly by smart leverage.

Regulations:Given that New Orleans has strict rules for short-term rentals, make sure to fully understand the local zoning laws, STR permits, and licensing requirements for B&Bs.

If you can't get the residents out that are not paying, then nothing will help.I would hire an attorney that deals strictly with evictions and start issuing eviction notices to anyone who has broken the laws of their lease.

Whether you're a new investor or looking to scale your portfolio, qualifying for traditional loans can be a challenge—especially if your personal income doesn’t meet the strict requirements.That’s where Debt Service Coverage Ratio (DSCR) loans come in as a game-changing solution for real estate investors, providing an easier way to finance properties based on the property's cash flow rather than your personal income.What is a DSCR Loan in Real Estate Investing?

One that has strict STR permitting with exceptions for owner occupants would be a bonus.

Albemarle county tends to have pretty strict regulations when it comes to zoning and building.

BP has great calculators that will help you look at the deal form strictly the numbers side.  

You have a de minimis exception which is set at $2,500, and it can be doubled to $5,000 if you follow certain strict and tedious accounting practices known as AFS.

In some areas, there are some really strict rules for creditors when it comes to homestead law.