Each of your sales will need to have overlapping time frames (45 days to identify and 180 to close).

I was just on their website looking at the permit process:CityofSac-STR PermitLooks like 90 days max until you get a conditional use permit but still reading as it seems a little unclear:A short-term vacation rental may operate from a location that is not the operator's primary residence for a total of 90 days in a calendar year.

If you are going to pull a HELOC I would target a BRRR or flip so you can for sure pay the HELOC back.

I guess a lot of Scott's buyers are under water the day they sign a loan, so he must be regularly evicting and reselling some of those houses.

So it sounds like this is a once in a while problem.

The plan is to acquire a tier 3 license.

Quote from @Will Greenlee: I would agree with @Drew Sygit every software has its kinks and this one along with all the other ones started somewhere.. 7-8 years ago Buildium was less effective than it is today, and now it is a lot better.

A HELOC is a short term debt instrument.

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

But no way is this a thing right now in the vast majority of cases.