I think this will be the short term realization, and anyone that did not wait on the sidelines and jumped in with the intention of a short-term re-fi might have to tap out. 

Thanks, I'm looking to get into short term or long term rentals for starters.

Example, a short pay history - non-redeeming factor, a 25% down payment, a redeeming factor to counter the short pay history.

We have an event this Saturday Feb 12, 2022, you can check out the Bigger Pockets page for it here:https://www.biggerpockets.com/...The group's page on Meetup.com is at:https://www.meetup.com/real-es...There is a $5.00 contribution which you can do in cash at the meeting as well, it doesn't come close to covering the cost of the space but I may be able to get another space shortly. 

Been doing wholesaling off and on with little success but hopefully more time to devote to that shortly.

@Matt SchreiberI bought my one and only short-term rental (STR) in North Myrtle Beach in February 2024.

Those are some amazing #’s in that short period of time.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

arbitrage is not a short cut to owning property.

Pete and Clearwater still work well for mid-term rentals despite some short-term rental saturation.