I looked into possibly obtaining loan and they required 1% of loan amount for a pre-approval letter and no fund of the 1% fee.

We have someone come in to try and earn our business at least 3 times a week and a host of phone calls.

Hi Bob, I’m breaking into the Cleveland market also.

I attempted to log into the Avail account to review the application only to find that the account was locked.

A cash out refinance puts the cash into your bank and can be used as PITI reserves or as an asset.A Heloc becomes another trade line on credit which can potentially cause a higher DTI and lower your chances for future approvals.

This is something many hosts overlook when evaluating their options​Let me know if this helps clarify, or if you want to dive into other management solutions!

Poor insulation and single pane windows will raise that cost to run the furnace quite a bit so you might want to see where the break point is for upgrading.The biggest issue is power outages in the winter.

Honestly, I put everything into one bank account. 

You should definitely check out Avery Carl's BiggerPockets book "Short-Term Rental, Long-Term Wealth" https://store.biggerpockets.com/products/short-term-rental-l...There is a lot of amazing insight into everything to think of while operating an STR.

A property manager brought it to my attention, and I looked further into it.