And with an HOA handling maintenance, have you checked their reserves?

Generally, the biggest difference is that DSCR Loans often have prepayment penalties attached which typically will have a 1%-5% fee if you prepay the loan within the first five years so its the "risk" of having to pay a little extra fee if you sell or refinance the property pretty early on.PS - check out this series of 10 articles published on BP on all things DSCR Loans which can give you a full rundown on everything you would need to know when using this type of loan!

Have you checked out local REIA groups or Meetup.com?

But is that worth the money?

It would not be unreasonable for this to be worth 2-2.5M 10 years from now.

Yes check with the county to make sure permits were pulled for the addition.Make sure this is permitted to be a STR with the bedroom count you expect.Something may be unpermitted if they still have a 2 bedroom septic tank.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

Hi Matt, also check right here on BP.  

As a license agen, you will have a fiduciary responsibility to tell sellers what their property is actually worth. 

(Or check your mid-June statement, it will have interest, insurance and property tax paid to date.