I just want to connect with other people who are doing short term loans on real estate projects that are not institutions.

When you get a deal that doesn't make a good rental, but makes sense for another investor as a flip or short-term rental, then wholesale it.Wholesaling: focus on marketing for off-market deals at huge discounts.

From purely a lending perspective, the projections from AirDNA and Rabbu are the only commonly accepted sources for underwriting a short term rental purchase or refinance DSCR loan.

We are finishing up some renovations on a house with an in-law on Cape Cod.

Update: We closed on this property and went ahead with the short plat process to create the new 12 acre parcel!

What we are really describing is “contract flipping”.  

I think guests hardly ever damage things intentionally, but when you have luggage coming in and out all the time and little kids running around a "new place," there IS a lot more wear-and-tear, scuffs/dents/scrapes, and broken glass. 

If you are buying in a more metro area, there will be lots of choices.In our area, we are quite rural and I couldn't guarantee that I would find the resources to do setup completely remotely.

Please fill me in on the requirements for getting approved.We use IDIcore but we are a lender.

Fell into a short term vacation property and can't wait to do more investments!