You should be able to refinance with a DSCR loan with a lender that utilizes AirDNA projections.

My name is Caden, and I’m the founder of a company building an AI tool to help with tenant management.

Purchase price: $80,000 Cash invested: $72,900 We have less than 2 weeks left in our fix and hold project in Pittsburgh, PA.

How does any first timer like me venture into this space without knowing what the cost of project going to be?

Investing out of state offers lower costs, higher cash flow, and larger portfolios, but challenges with remote property management.

If/when tenant does decide to buy it, lets say the total sum between rent credits and purchase option payment was $8,000, you can either take $8,000 off the purchase price or as i would prefer, keep the purchase price but produce a receipt as if the tenant already gave you $8,000 in EMD toward the purchase price so it would count as part of their down payment and make it more manageable for the tenant financially to execute the purchase.

Hi Sahara,I am an agent and property manager specializing in STR's here in Big Bear Lake.

As far as your VA loan goes, I do think you will need to have a steady source of income on a W2 for at least 6 months right now or 2 years tax returns if your an entrepreneur.. unless you can manage to get your disability rating then you might qualify just based off your awards letter.

Any suggestions on a finacial app for my short term rentals?  We used to use Stessa but my bank no longer links to them. ☹️

Moral of the story investor used the calculator and beat me down and well I will not discuss how much money I'm loosing on this project.