I'll be looking for long term rentals that don't need any major repairs initially. 

Someone else just told me a similar thing, to make sure that loans can be secured for the property. 

🤔 How do we shift the mindset from short-term thrills to long-term financial freedom through real estate?

Yes there are alternatives for both beige and 30 year loans for no US borrowers.

Hey @John FriendasI have purchased 4 of my Co-Living (rent by room) properties with DSCR, 1 of them within the last few months.Not that I necessarily recommend this, but there are short-term-rental DSCR products.

More on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

Work with a CPA familiar with SDIRA tax implications to plan accordingly.Private Placement Memorandum (PPM) review – Ensure the syndication allows for IRA participation and that the deal structure aligns with IRS rules.Direct Purchases with Non-Recourse FinancingLender requirements – SDIRAs can only use non-recourse loans, meaning the property secures the debt, and your IRA isn’t personally liable.

Even if it was a short term rental before, it'll only take one neighbor to complain to cause you trouble.

The loft is very successful on Airbnb and people love the main house for long term rental.

You’re in a solid position, but the challenge here is that your equity is tied up in a property that’s cash flow neutral—which means pulling cash out could push it into negative territory if you’re not careful.A HELOC is the most flexible option, even if you’re planning for long-term investments.