It lets you tap into your home’s equity, usually at a lower interest rate than other loans.

Hey @Spencer Cuello, so you will find most of us aren't fans of arbitrage.I see you listed NYC so you know that you can't do a STR in the city unless you live there.IE: You need to be onsite, living in the same unit you are going to rent.As per usual...

The exact amount varies by lender but is usually around $5,000 or more.Recalculation: After you make the lump sum payment, your lender will recalculate your monthly payments based on the reduced principal balance.

I think that’s why I don’t have more properties, because it has to be a great deal right from the get-go, and that usually means it needs a bit of work and is also dated, but a solid investment.

Do companies usually have the workaround?

STRs are essentially small hotels, thus they are usually taxed similarly to what hotels and motels are.

The Property Manager usually does light cleaning and repairs between tenants.Recommendations or another way to think about this? 

I've sold over 80 homes personally in the last 30 months and I'm usually within $5k of the appraisal report when I run my CMA for clients.

At this stage you're probably better off investing that extra money into your primary business activity.What part of CA are you in?

Also get rid of the cat or you'll be charged an additional $xxx fee and an extra $xx/month.