@Jonathan Depa I'm not sure that short term properties are dealt with any different than long term tradition rental properties, but in 2009 Fannie Mae increased the number of properties that a bank or financial institution can finance to 10. 

Then when a shady Fannie Mae realtor slipped up, I leveraged her misstep for the opportunity to conduct business on a "fair" playing field with Fannie Mae. 

Fannie Mae/Freddie Mac/HUD/CMBS are good for larger properties over $1mm in loan size.

Fannie Mae (conventional) considers a property owned in a LLC that your the majority member of to be personally owned.

@Amul S.Sure thing - Lenders go by the appraised value of the property, and lend you 70-75% of it's value.In order to do a successful BRRRR and cash out on all your initial capital, you need to make sure you can renovate and increase the value enough so that it meets this "rule", and you can get most if not all your money back and to pay back the HELOC.If your property appraises for 100k, most lenders will lend up to 70k-75k.I put the word rule in quotes because different lenders have different guidelines, but if you are looking for a conventional bank product like a 30-year fixed rate loan, Fannie Mae has their guidelines on how much they can lend up to.

Since we have  quiet a few attorneys on this thread,re due on sale clause , what  are the attorneys opinions re the change in the "due on sale " clause  based on the changes in fannie mae guidelines from Nov 2017, and proceeding with the samehttps://www.fanniemae.com/content/guide/svc110817....Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).ThanksP.S thanks to Chris Mason who posted this on this threadhttps://www.biggerpockets.com/forums/49/topics/610...

Fannie Mae also has one called HomeStyle.HOWEVER - you must owner occupy for a year, unless there are special circumstances.

If you don't have any bankruptcies in the last 3 years, no foreclosures in 5 and you're less than 2x30 on your current primary residence with a 650 middle score or better, lots of people will talk to you; not Fannie Mae lenders so not Fannie Mae rates, but lots of people will talk to you. 

For loan amounts over $1mm on stable properties (90% occupied), Fannie Mae, Freddie Mac and HUD may be the best options.

All extra contingency, inspection, credit from reno costs is applied to your principal loan amount (you don't get your $ back from Fannie Mae!).