I'm going to do some due diligence into this and see what opportunities for LOC I can drum up.

In my market, it is by no means necessary, but I like to have some professional shots because (1) it does drum up the rental demand even more; and (2) I like having them for my portfolio to show to bankers, partners, etc.  

Can't fault the 2012 law grad for drumming up some business.Bill Gulleyis correct that, in Texas, if the insurance company declines a settlement inside the policy limits they can be responsible for the entire judgement even if is is greater than the policy limits. 

Additionally, I've been hearing the drums beating in the distance about some of these creative financing solutions so I remain somewhat skeptical at this point.

Are you trying to drum up business for Uber or are you on the wrong forum??

Not perfect but the drum sander evened things out. 

A well-located STR will beat LTRs like a drum...you win x 2, the monthly income is 3-5x greater, and you get a nicer property (because you bought a house in a better area) that will appreciate more as time goes by.And the clincher: you can always turn a STR into a LTR, but you cannot turn all LTRs into STRs.There is little reason to even have this conversation....find a nice house in a nice neighborhood in a desirable vacation city/area.

@James Middleton I recommend you reach out to @Mark Byers and @Rob Drum for all your B'ham needs. 

They will have a very tough time getting past the stage of drumming up significant capital.

We want our two properties (purchased in a package deal) to be "cash cows" in the short term horizon"}, you WILL come to the conclusion that the BEST use for all that early-gained equity will be to:-(drum roll).....