Would the person who takes on more labor to repair the property have greater preferred equity or is this usually treated differently?

The biggest challenge seems to be finding lenders that offer these loan products which is where I’m looking for help from the community with recommended lenders that serve Texas.The Fannie Mae (or Freddie Mac) options are preferred over FHA purely because of the (perhaps perceived) limit on renovation funds that the FHA option provides.

Experienced managers can help evaluate potential investments by providing insights on rental demand, market rents, tenant preferences, and location-specific factors that affect leasing success.For example, rental properties need to be close to conveniences like major roads, shopping, and schools.

You can also look into REITS but I prefer owning my asset and not sharing with anyone I'm not in business with. 

Through preferred rates and quarterly cash flow, I strive to create multiple revenue streams for my investors.

It also provides an opportunity to interact with the buyer.

Typically, the banks prefer to refinance one year after the initial purchase.

Ken, I would prefer to do that, but I wasn't sure if any banks would offer that type of loan or line of credit.

It really depends on whether you prefer the hustle of managing STRs or the steadier income from LTRs.My TakeIf you’re drawn to the energy of the STR market and love the idea of working where people vacation, Florida might be the way to go.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.