I do not do residential REI even with a projection of double that.  

So, this is less than a downpayment but it also offers a way to really diversify your investments. 

It's just not clear what you are actually doing here. 

Vaughan, did you tell him he said he would do it for free?  

The STR model is a different model and where it is at in it's business cycle, the average STR owner is not doing well.

Did you do this deal or was it one of your clients? 

Do your research, pick a market from research results not opinions.

I think it would be better to have them do a hard pull if you already started getting a few hard pulls - I believe they will all be categorized into just one hard pull if you do them within the first 2 weeks but am not too knowledgeable on the subject.  

I'd suspect high sales prices in your area?

Hey India if you use HML do you plan on refinancing?