If short term rentals are truly where you see your future, making a calculated shift might be the right move, but ensure you're not jeopardizing your financial stability in the process.Hope this helps!

Make deductions for cleaning and repairs, refund the rest in the manner prescribed by the law.In the future, I recommend tightening up your rules.

If they aren’t able to show liquidity then they are higher risk if they take on a large unplanned expense in the future.

Landscaping, lighting, overall appearance can impact the "first impression" of future tenants. - Are their ways to add other income streams to the building such as: washer dryers, parking, storage units, etc... - Also, spend some time before/after to drive by comparable properties in the neighborhood to understand your competition and the rents they are asking. 

. :-)I wonder if you could take another actual cabin and do a 5 year example of ownership on the actuals for that cabin and then put that those numbers can't be used as a guarantee for any other cabin's future returns. 

There will be a time in the future if you do move forward with this, 1 month, 1 year, 10 years from now, where one person is going to be upset because they are doing something that's "not their job".

Every investment is a guess into the future, and nothing can be guaranteed.  

A HELOC is going to be in a similar range for a primary, but offer a longer term.If your plan is to pay off the line in the near future with a refinance, I would not be too considered with term length or rate.

Hello, I currently have 2 rental properties in upstate NY and I am looking to purchase more in the near future.

Make sure the future FHA loan you want to originate is on a home you plan to occupy as your primary residence.If you run into any trouble doing this please reach out to me.