The same scenario occurred where we got a booking right away and thought the reservations were going to keep flowing, and then there was a "pause. 

While Im not currently seeking distributions (we are in series B shares - those that participate in the upside and "may" accrue), they have made distributions and we are simply building another cash reserve.

This is an opportunity to confirm they have the expertise you need.

Monthly expenses will include mortgage payments, property taxes, insurance, utilities (if applicable), maintenance, and reserves for repairs.You’ll need at least 3.5% for an FHA loan or 20% for a conventional loan, plus cash reserves.

My RTR strategist confirmed multiple times their very high degree of confidence in the RTR monthly rent projection, sub 30-day vacancy rate, and PM team performance.

Your expert (the plumber) couldn't confirm the cause.

Either way, ensure you have reserves and run the numbers carefully to set yourself up for long-term success.Good luck!

. #2 is the utter BS that is being pumped into peoples mind's by whatever media, regurgitated onto others with no fact finding to confirm or deny.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

For any one person's situation, one approach may work better than another.For someone who has the cash flow, and has the equity but not the cash reserves, the HELoC can work, but is NOT the only choice.