It's rare that you'll find a good seller for #1, so the only option remaining is to document the condition from the day of purchase.

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent. 

With my $1,100 monthly revenue, my 700 FICO, and my (likely) $55,000 in equity - what kind of options would I have to refi.?  

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.

@P from prior topic, use this to understand the capacity in your market and your best options. 

@Robert StephensonIt’s great that you’ve built solid equity in your current rental property— Here are a few options to consider:Cash-Out Refinance: You can refinance your rental property and pull out some of the equity to use as a down payment for another property.

Hard money loans are another option for short-term financing, especially if you're looking at fix-and-flip opportunities.

This poses the opportunity to acquire a distressed property today, spend the next 3 years to fully stabilize the property, capitalizing on the coming spike in rent growth, falling vacancy, falling interest rates, and compressing cap rates for multifamily real estate in the D.C. metro, as well as the option to hold the property as a safe and lucrative long term investment given the macro factors coming to Washington D.C. and the fundamentals of the multifamily sector.Cap Rates, Interest Rates, and the Best Sellers to Target to Get Deals DoneMarket Cap Rate, DC Metro, (1/7/2025) Period Market Cap Rate 2030 5.1% 2029 5.1% 2028 5.2% 2027 5.3% 2026 5.4% 2025 EST 5.6% 2025 YTD 5.7% 2024 5.7% 2023 5.6% 2022 4.9% 2021 4.4% 2020 4.8% 2019 5.0% 2018 5.1% 2017 5.1% 2016 5.1% 2015 5.0% 2014 5.1% 2013 5.3% 2012 5.3% 2011 5.3% 2010 5.5% 2009 6.2% 2008 6.2% 2007 5.5% 2006 5.4% 2005 5.6% 2004 6.1% 2003 6.7% 2002 7.3% 2001 7.9% 2000 8.4% Cap RatesIn the next few months, cap rates on the right deals should be rising, making it an opportune time to buy.

There is a ton of fix and flip going on in Brooklyn and I am trying to work my confidence towards that after my first project at a lower price point around 300K somewhere (CT seems like my only option). 

But this is really your first touchpoint with potential guests who are scrolling the endless options of airbnb, vrbo, etc.