Since I know how to turn a wrench I am going to do almost a full remodel myself with the help of my father.

Required good credit, adequate reserves, full doc commercial loan with a personal guarantee.  

I personally do not have experience managing rentals.

Be prepared to follow up multiple times, using different forms of communication—calls, emails, and if possible, in-person visits to their office.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

This is a very personal question that is difficult to answer. 

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

Tell me - someone selling their home to your son, Subject-To - is this a person who has made good life choices? 

Just my personal opinion - get a mentor or a person who already has good experience running STR business, preferably in your area (but not 100% required). 

This person (not Blake capital) was trying to bully me (wrong move).