If you do that, you'll have around $400 profit per month and your numbers won't look good.I also noticed your rent rates appear to be based on projected increases, not current rents.

@Redgy Saint-Germain I'm currently in the process of a 203k loan and my mortgage officer said they would apply the left over balance to my mortgage balance as a principle payment, but the monthly payment would stay the same.

Cannon Beach generally permits STR but one one occupancy per 14 days,  Arch Cape has a similar limitation with one occupancy per 7 days and Manzanita currently has a fairly long waitlist. 

This property is fully renovated bringing in 20k a year, it's currently under market rent value so the next investor I assign it to can increase the rent, up to market value.

But using a HELOC is a risk because a) the liability is against your primary residence and b) current interest rates on HELOCs, which typically adjust after the initial term, are anywhere from 8-12%.

Hello all,I recently filed for a new LLC in Michigan to hold investment properties under, and I'm currently in the process of looking for a bank to open a business checking account with.

Not currently working on a particular deal.

I only know about the times where this was found out prior to closing, obviously I have no way to know about the times this shady behavior wasn't found out.Since you get a vote in who this tenant is, and it's retail, PSA that commercial lenders (especially the ones offering the best terms...) are starting to vet deals by how 'recession proof' the tenants are, even if they are currently paying on time.

Should we sell the house for equity needed.We are in CA, I am co-signing my nephew’s home, currently paying $1500 mortgage monthly with 2.75% interest, it has 342K left on the loan.

We decided to halt all new loans with the borrower until current projects were completed and be repaid.In April, we sent counsel to the first hearing pertaining to code violations and began to learn of information that was contrary to the third-party inspection reports.