There are lots of deals to be had at each meeting.There is another one based off of the FB group Metro Detroit Real Estate Investors which meets on the 3rd Thursday of each month at Mcveighs Pub in Troy from about 6-10. 

Based on a CASH sale price we would have received $1,625,000 as a cash sale, less the $615,000 note payoff, or $1,010, 000 CASH,  By CREATING the wrap note, we received $412,000 Cash and the note.  

It's not that difficult to navigate through based on my experiences with my clients, easy to use and setup.

Any ideas/thoughts you're trying to do with the cash out refi or just do a HELOC so you can tap into that funds whenever you need instead a full draw for the cash out transaction?

If you can't qualify for a FNMA/FHLMC conventional investment property loan with a 30 YR fixed rate, look for a mortgage broker that will find you the best terms on a permanent DSCR based loan. 

IMHO I think the draw to the Poconos is it's proximity to two monster metropolitan markets and their middle and professional class who may prefer in many cases to tone it down from places like Miami, Hawaii, Vail, or Stowe, and instead have the luxury of a 1.5-2 hour car trip to somewhere where they will save on airfare, get a good deal on their accommodations, and still have loads of fun with their families without having to deal with exorbitant vacation costs and aggravating travel arrangements. 

You would qualify based on the potential rent of the property. 

Based on both of your posts I’ve done a little math and calculated I would have to charge $255 a night (at a 44% occupancy rate) to stand the smallest chance of making what would make this worth it to me.

All applicants are screened the same based on credit score, criminal history, landlord references, etc.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.