But when you start getting into the thousands of dollars on this stuff it just feels predatory. 

I can totally see why you may have felt ashamed, but the reason these forums exist is to share information.

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

However, This was a gut rehab on a 8k total sqft building.

I think it could be due to niche cabins still having a strong nightly rate but I’m a total noob. 

So they started to default to their sellers.

Yes, you should screen all tenants over 18 and make sure to note the total number of occupants.

So, for a $100,000 loan under this program, your total loan fees to us would be $3,500.

Bank financing is very tough for anyone starting out so HML is generally ( unless you use your own cash or cash in your network) the only funding there is.. the goal has to be though moving towards bank financing so you get the best deal possible.. right now I am at 1/2 point and 7% and my bank pays for my appraisals.

We add up the scores and get a total score that reflects the level of risk the applicant presents.