Quote from @Nicholas McCormick: Howdy-Does anyone have any experience with short term rentals in the Bloomington, Indiana area?

Some similar phone numbers and such to other short term companies that other people said were scams.

The reason I recommend this is because as a short-term solution incase you cannot go full DSCR right out of the gate.

The six month cd isn’t the point my understanding is that I can’t just take out the HELOC, I need to actually use the money for my plan to work and a short term CD seemed safe and reasonable 

The payback period can be anywhere between 3-7 years depending.

Maybe we're in that period you're referring to when rental rates have not caught up to the increase in insurance premiums and taxes. 

If he has a $5MM loan in place, what was that used for / is it coming due/ was it short term/ etc.?

Thanks for coming out and joining us - we have some new events and workshops and training that we will be adding shortly - look for a couple of virtual workshops a month and a get started training program to be implemented before the end of the year. 

Metro Atlanta, generally speaking, respective markets 30 to 45 minutes from the City, will be tight on cash flow unless you implement a creative investment strategy, such as short-term rentals, medium-term rentals, or rent-by-the-room properties, or allocate at least 30% to 35% towards your downpayment if you intend to hold the property as a long-term rental. 

I’m exploring a few options and would love to hear your thoughts on each:Airbnb Rentals: Is short-term rental still a profitable and sustainable option given current regulations?