Additionally, some lenders may offer rate locks, protecting you from further interest rate hikes.By staying adaptable with your financing and strategic with your spending, you can protect your margins and stay competitive in a challenging market.If you need help exploring financing options for your next project, feel free to reach out!

I’m not sure how to judge all those characteristics you mentioned before but I’ve been feeling pretty confident about the mortgage agent and their work.

Noelle, Detroit should be high on your list of places to move.I can speak from personal experience.

Go with what your tax person recommends.  

Although I don't personally like the trends, they were supported the City of BBL's October Compliance & Occupancy Data, which provided the following:1 - The occupancy rate for October was 38%, which compares to 55% prior year; 2 - Average nightly revenue dropped by 36% on a year-over-year basis; and3 - Demand decreased by 22% on a year-over-year basis, while SUPPLY ALSO INCREASED by 13%!

Whether you're a new investor or looking to scale your portfolio, qualifying for traditional loans can be a challenge—especially if your personal income doesn’t meet the strict requirements.That’s where Debt Service Coverage Ratio (DSCR) loans come in as a game-changing solution for real estate investors, providing an easier way to finance properties based on the property's cash flow rather than your personal income.What is a DSCR Loan in Real Estate Investing?

I feel so stupid for getting into this situation.

Hello Faysal,1st of all, I personally don't like option 1, not equity gain with your investment.For your option 2, with your cash available position, I would see if I could talk the owner in to Owner financing the property for 12 months at 5%, with $100k down. 

Oh well, perhaps that's another person who relocated.But then her work reference was for a remote job based out of Pennsylvania, and the number for her reference there was also a 952 number. 

Feel free to DM and we can see if you’d be a good fit the market I work and if not, at least I can give you a few pointers as far as STR fundamentals and a couple resources for cost segregation.