@Sara Swift I often get investors that have the fear of canceling because of open issues or funds being held for unreasonable purposes. 

Think about what the most successful STR operators offer:- A unique, "home away from home" experience that virtually no hotel can replicate;- A prime location that might have magnificent views or be close to attractions;- The ability to house an entire family/families under one roof;- Often a level of service reserved for super high-end hotelsTuro, on the other hand, mostly offers cheap cars.

He pointed to things like the Magnificent Mile in Chicago, Abbot Kinney in Venice, CA, Bedford Ave, Brooklyn, etc.My first investment thesis was this idea squared.1.

There is one clear fact - the average earner's mortgage capacity versus the mean home price has inverted swiftly in 2022. 

Thanks for your swift reply and congratulations on your awesome deal

@Patrik Kusek While there are DSCR lenders that can do <$150,000 loan amounts, that is generally not the norm and is more troublesome than it is worth in most cases (that's why most DSCR lenders don't do <$150,000 loan amounts) In your situation, I recommend working with a local bank/credit union since they have the local area expertise and are far more likely to work with you on the cash-out with swift (even minimal) underwriting.

It will be personal preference and you most likely wont see the true benefit or burden from it until you've reaped its rewards or been dealt a swift blow such as offers not being accepted just because you have a license. 

Could anybody give me guidance on how to get things done swiftly?

I do think it's fairly obvious that if mortgage rates bounce pabove 7.5-8% there will be a dramatic slow down in sales activity, beyond that and those same strong fundamentals could shift swiftly (as we've seen with some aforementioned banks.) 

Some of my clients (I run Swift Marketing (wholesaler leads, etc) + Fremont Funding (commercial-only lending, no residential) have Platinum Trusts, and have been very happy with them.