Why would someone buy now and make little money for the chance that the rates will adjust later?

But rule number 1 and 2 in investing is don’t lose money.

I start by telling them we have a lot of money tied up in the property, and we've been burned by folks that wanted us to believe the best of them.

Just so you know, Vrbo and Airbnb will not allow you to receive an inquiry through their platforms, and then take the booking off-platform, they want their cut of the money. 

It took them 3 months to get my money invested and paying monthly.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

Good morning Carl, @David Krulac is right on the money. 

We are all about saving money on flips and renovation efforts.  

I bought this property with a private interest free loan from a friend. the person i bought it from need cash fast so i offered them a low cash offer and they accepted.I had enough money saved up to rehab the house with my savings.

STRs are a great way to make money, that's for sure...but it does not come without risk.