LTC/LTV also lower which combined with depository relationship makes borrowing even more capital intensive.

@Grace Hartman I don't mean this in a negative way but you're in this situation due to lack of experience, terribly high contractor quotes, or a combination.

Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

The neighborhood has some of the most prohibitive zoning and strong demand, exactly the combination that leads to good absorption.

no junk fees  very straight forward no need for the TILA and Respa crap..

Roth or traditional or combination.  

However, most banks have seasoning periods now so you probably wouldn't be able to actually tap into that equity for at least a year since your original loan was likely just to build.These equity plays are a different strategy, but combined with usual appreciation, can also work, especially in some markets more than others.

I financed this deal using a combination of cash and a private lender.

People seriously please stop spreading complete non-sense around, because the people new to this WILL believe your crap and you are ruining their lives!

; we have a 92% combined occupancy rate on our two properties.I really like the update to FF's listings, on desktop and mobile, especially the use of photos.