These properties can provide cash flow and diversification while qualifying for favorable residential loans.

4) Finding a rental application to use - you can use Zillow's (but incomplete) many realtors require NTN credit check, background check and rental history.5) Figuring out how to screen applicants ***** This is IMPORTANT!

For example, there are many local credit unions that offer loans with as little as 5% down on multiple investment properties with no PMI.

Huge thanks to Bo Stevens from Jean D'arc credit union, for helping me get a solid loan with a 6% interest rate with a super smoothe process.

No matter your level of experience, credit standing, or financial resources, Property Investment Funding, LLC is eager to partner with you.

• Is this a better strategy than using your own name, capital and credit to start out?

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.

Also no credit reporting, so I signed up for Landlord Credit Bureau at my expense.Hope this helps, for now I’ll be staying with Hemlane.

You may find this a viable option with rates where they are, especially if your rental income continues to cover the mortgage.Home Equity Line of Credit (HELOC): If your property qualifies, you could use a HELOC to access the equity without disturbing the current mortgage.

If your property is residential single-family owner-occupied in a good area, the buyer has good credit, made a good down payment, and twelve or more on-time payments have been made, you'll be in the lower range.Note buyers, just like lenders, won't go above a certain loan-to-value (LTV) ratio.