I also heard you can by two second homes with the 10% down loan in the same area, so long as the homes are different in some way.

Short term rents are typically higher than long term and could push you over the edge to break even or possibly cashflow.

Hi Holly,Ballard is a desirable neighborhood, and we have such low inventory in Seattle right now that you should be fine listing when you are ready as long as you have some good guidance on pricing etc!

Please share your thoughts:What are some of the most favorable terms you’ve negotiated with private lenders? 

You can pursue a judgement against the property owner for non performance under the loan agreement terms which would come up on a title report when they go to sell or refinance the property since a judgment search would be completed against the seller but that takes time and money.

Throughout 2023, we have published several articles on DSCR loans, introducing the BiggerPockets community to how interest rates and terms are determined, giving answers to frequently asked questions about DSCR loans and talking about exciting new developments and expansions of the product, including DSCR loans for five- to 10-unit multifamily properties.This article will cover another big aspect of DSCR loans–specifically, what documents you will be expected to provide once you have decided to go with a DSCR loan.

Mainly because I "assumed" how long could utilities such as water ,trash and electric really get backed up without getting shut off.

As an added bonus tenants like to complain about what is wrong with a property, and sometimes the landlord doesn't know about the things they mention especially if they are long distance and have a PM.

There is a book in the BP bookstore that speaks specifically about short-term rentals.

I started a post yesterday regarding VRBO Terms of Service.