A HELOC offers flexibility and lower interest rates, which can be ideal if you’re looking for short-term financing with lower payments during construction.

As another poster mentioned rates are lower than they've been in the previous 18+ months but unless some very surprising economic data comes out between now and when you did your refi it seems unlikely that rates are going up in the short term and there is at least a decent chance that rates drop a little more before then. 

I would've rather have waited a year or 3, to buy something at a steep discount and I would've seen appreciation a short time later.

Unfortunately the short and mid term markets are slowing down.

just double checked my lender is now 80% LTV for short term rentals only 85% for long term rentals

I use this type of system in a ten unit that I own because the cost to submeter each one was cost prohibitive I usually don’t include other items like wifi/internet unless it’s a furnished/short term rental. 

@Paul Novak you've already gotten some solid advice in this thread so I'll keep it short and sweet.Get your 401k match at a minimum. 

We funded tradtional turnkey and we funded those that would do the lease option after i bought the asset for them they paid me off short term 60 to 90 day deals on my side.. then they would go the lease with option to buy..

I've never seen a new STR law that didn't grandfather in existing permitted short-term rentals.

Make a list of EVERYTHING you want the broker to do or not do: MLS, staging, photos, web site, preparing teaser descriptions, selecting comps., giving you market guidance, open houses, vetting potential buyers who don't have and don't want representation, contract negotiation, managing/scheduling/attending inspections and surveys, fielding bank requests for information, making sure government paperwork is done, you imagine and write it down and you'll still miss some stuff, but that's okay.