Another thing, I had no idea how to get some private lenders, because I don't have a well-known brand, so it's harder this way.

If you need to do a renovation and you have no contacts in the area, how is that going to go if you haven't done remote reno before? 

@Sean Cole  boy that's a good deal no other fee's or costs..

No exceptions for lot line coverage as an example.

I see no reason this won't continue for the next 30 years. 

Always allow pets no matter what they have, just charge more if you think it's a higher risk pet (best practice is to actually specify pet fee and pet deposit in the Ad). 

When the extra cash flow from STRs no longer justifies the work, we'll shift our focus to long-term rentals.

While it could have strained cash flow and impacted real estate investment if enacted, there's no immediate need to worry, as this proposal is not expected to become law.

I will not be able to do a cashout refi with a conventional lender for 12 months, and although Fannie and Freddie require a 12 month seasoning period for cashout refi's, it seems most convetional lenders, even in a straight out refinance (with no cash out) require 12 months as a policy.Does anyone have any recommendations for long term lenders that will balloon me out on a long term loan?

We didn't want to mess around with a rental agreement and a deposit etc., because it is short term, 30 days or less.