So I took action, I know nothing, so I thought the fist step would be talking with an agent and get an idea of the market value, make numbers, and then look for options to finance the asset.

Reno is much closer to Phoenix in being Landlord friendly and business friendly.

Great idea!

private borrower reached out for business deal How did you finance this deal?

I don't think I have quite enough equity to do a cash-out refi (Each of my current properties cash flows between $500-700/month)3) Pay down debtI have about 15k left on a car loan ($300/month) and 25k left on a 401k loan ($650/month) which I used to fund property 3 and 4.I am curious to know what you guys would do and am open to any other ideas!

Where does it say that his business is having issues?

Hi @Charles Antoine Malenfant I have been doing business in the area for over a decade and I will let you know if done right you can attract very high rents with proximity to train. 

Hello, my lender told me that he can use my business to get me a 30 year loan on a rental property.

Rather I'm looking for a mature STR market with enough supply that makes it worthwhile for my co-hosting business to bring our services.One variable I'm digging into is how many STRs are self-managed vs managed by a PM or co-host.

Good luck to you and your business!