Before doing this, I would talk to who you are going to sell the note to, see what their underwriting standards are, and make sure you aren't going to have to take a 85 cents on the dollar haircut in order to get the cash out of the first. 

Lowest one is NASB with 40% down and the rents get a 25% haircut like conventional loans.JMAC out, FNAB out.

You can go to super cuts for $12 , you can go to a mall salon for $60 , or you can go to well known stylist who charges $300 for a haircut.

Let me know if you want more help crunching numbers-- we have a number of military investors on the islands who network and help for free.You also want to make sure you’re not asking a barber if you need a haircut-- hopefully your realtor is experienced at working with real estate investors instead of homeowners.

It is entirely possible that the law firm who made the offer are over promising now and planning to give their offer a haircut after the initial due diligence period.

They can lend using Air DNA with no haircut on LTV for doing so! 

I get it - it's tough to take a haircut, but expenses are up and rent growth has slowed. 

When you file 2022 return do not maximize write offs above 25% which is the haircut given.

Traditionally, DSCR loans that allowed STR have always wanted DSCR to be calculated on long term rental rates OR 12 months of actual performance or some heavily hair cutted version of Air DNA and all of these products would price gauge on rate.

Put a huge haircut on your rents and ARV, pad your expected long term interest rate, inflate your projected rehab costs, and you should be okay.