This is a potential life raft for all STR owners who have been hijacked by the ever-increasing fees imposed by VRBO and AIRBNB. 

Commercial requires the property to be livable (not subject to), usually a 95% to 100% occupancy ratio, DSCR (rents) at 1.25% or higher, PFS, Strong assets, 12-18 months reserves, Fico above 700, I have seen lower but rate will be higher and in most cases cause the DSCR ratio to be under 1.25%.If you own a primary you might be able to use an SBA type program but those are not great.

While it's exciting to see rates potentially coming down, I wonder how quickly lenders will adjust their offerings.

No fees involved and bookkeeping isn’t that difficult.

It will also allow househackers to get their foot in the door, in a higher priced market/higher interest rate climate.#4 Higher Appreciation Potential:Single-family homes tend to appreciate more consistently and at a higher rate than small multifamily properties over time.

I have been struggling to find properties in this market that provide much cash flow at a 15 year amortization with 7-8% interest rates.

The interest rate is floating based on WSJ Prime rate, but as the prime rate comes down the LOC rate will also drop. 

It's about 2-3 pages and says "Note" at the topPlease keep in mind this is based on today's no cost rate which changes based on the market Should you have any questions or require any assistance regarding this process, please do not hesitate to reach out to me.

I'm not sure if you are familiar with DSCR loans, esentially, we are taking the cash flow of the property, plus your investor expeirence and giving out 30 year fixed rate mortgages. 

Hard money lenders, familiar from your experience with flips, remain a viable choice, although they typically come with higher interest rates and shorter repayment terms.