Thanks Yes you can easily on a DSCR based loan. 

Based on the initial information provided, I agree with @Kristine Ann that there does not seem to be enough spread between the asking price and sales comp, considering the work that needs to be do. 

I was on the board of my HOA and the property manager did some of those things on the list but also primarily forwarded us emails and issues to solve.

On paper what you're describing might sound doable - but it sounds like your perspective on REI is based off of knowledge of only the "good parts" Managing and owning rentals (yes, even with a PM & price point of sub $50k) comes with its own challenges and headaches. 

I am looking at conventional loans, and as you said, scaling becomes very difficult based on the first method of calculating DTI, especially if you are in an expensive market.

All the best,Diego most of the good ones won't touch less than 100 units and even that is for new construction. hate to be the bearer of bad news. we are looking at ground up condo deals with entitlements and I reached out to a few HOAs based on larger towers and the best will cost more than it'll be worth.

Your business plan is based on the perfect storm as jay mentions and if there is the tiniest crack it will all come crashing downIt appears there has been zero risk analyzed in this business plan.

Begin with a small daily budget to test performance, then scale up based on results.

My name is Abdul O and I'm based in the Atlanta metro area.

I know it's been asked & answered many times but since there seem to be so many new companies out there, hoping for an update...Looking for STR management software recommendations, and one of the features I'm part...