Don't be afraid of the process!

You will be asked to disclose this during the application process, and not doing so is concealing a debt and would be fraud. 

Any advice or insights into the process would be greatly appreciated. 

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

I'd really appreciate any insights or resources from those of you who have been through this process.

Also, are you planning on going through an LLC?

I love Louis Brown, I love William Bronchick JDI've got about $5000 in their coursesVena Jones Cox has awesome videos on illegal wholesaling in OhioEducators, good ones, that have done 100s of deals are worth coaching fees, if they give you support over a 10 mo period, and do not do deal splits, just a fee for training and ongoing support@Dev Horn

Pros: the cabin will be able to house our entire family, easy process to refinance.

The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.

How has your process been going so far?