-> Funding: you can consider as options mortage brokers who can scout/compare the best offers in the market and you can also consider public funding programmes that exists as an incentive to renovate and bring houses to the market, either for tourism or traditional rental.As an example, on the traditional rental there is a funding program ("Arrendamento Acessivel") that funds up to 90% of the project and can be used to cover part of the renovation costs, as well as, part of the purchasing.

You cannot have a traditional homeowners policy and a landlord policy on the same dwelling.

The challenge, as you’ve discovered, is that traditional HELOC lenders typically want the property titled in a personal name rather than an LLC.

Typically most DSCR lenders follow a traditional 5, 4, 3, 2, 1, PPP or a 3,2,1 PPP.

There is one locally here in the Chicago area, that i pay about $10/month (annual fee), and from that group I have networking and found contractors, private lenders, appraisers, traditional lenders. 

A couple of years back they even cancelled holiday lights traditionally displayed in a large local park.

I’d love to take advantage of a “traditional” mortgage (or even FHA?)

I, like Jarrett, work a non traditional schedule.

The idea is spreading, and could spread to some other spots here that have traditionally been STR friendly. 

As of lately, the traditional BRRRR is not working with the higher rates and low inventory as, others have mentioned.