I suspect my average rent increase over the last year was ~$200 per unit.  

The logic is the same as what others have said, how long it you expect it'll take to get another booking.

The LLC has nothing to do with this because you aren't getting a loan to a new LLC as a new investor with no track record unless you have a long-standing relationship with a local community bank or credit union.It's good that you have boots on the ground in Birmingham, but I can tell from the way you laid it out that you have done research online and made a plan based on this.

I am flying out of Chattanooga this morning,but was here the last few days getting a feel for the city.

We currently have 4 long term rentals so this is the first time we will be working in the short term rental space.A few things about the property:1.

A few reasons to replace would be tenant would be paying for heat, lower maintenance costs long term, and no risk of water damage when pipes give out.Good callouts on ceiling but luckily, i dont have any popcorn texturing, thank goodness.

Anything renting for more than 30 days at a time is considered a long-term rental by law.

I would like to re-finance into long term debt once the project is finished using a DSCR type loan.

If you plan to keep it, and your seeking long term debt the lender will require a full appraisal.2.)

Hello Everyone,I purchased my NACA home more than 5 years ago, and I obtained a HELOC on my home last year.The financial institution that approved and funded my HELOC was fully aware of the NACA Lien on my home and continued with the process either way.Also, I am not in violation of the occupancy requirements.What would NACA's actions be?