Brady,Fannie Mae offers a renovation loan for investors with 15% down payment minimum based on the cost of the renovation + purchase price.

Unless things have changed in a way new to me, you cannot initiate a Fannie Mae loan in a property owned by an LLC. 

When you call them, don't ask if they are a portfolio lender, most loan officers won't know what that means, instead, ask if they lend out their own money or if they lend other peoples money or are they regulated by Fannie Mae / Freddie Mac guidelines. 

Account Closed Fannie Mae allows for this. 

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

Thanks, Jeremy Check with competent legal and tax advisors but one option is to assign a K1 of 24.99 to 4 family members and the 5th K1 of .04% ownership to a Scorp to manage the passive member shares so that you can have the partnership taxation benefits and still maintain your Fannie Mae qualification opportunity of up to 10 per social sec #.

Another option is the Fannie Mae Homestyle Renovation Loan.  

Here is what Fannie Mae says about the matter: https://selling-guide.fanniema...Unlike a Conventional loan for an investment purchase, or refinance, rental income cannot be used to help your DTI work.Why classify the home as a second home?

We have a second home mortgage on a property we bought in 2020 - so it is past the 1 year mark, and using the 2019 Fannie Mae Second Home rider (As seen at https://singlefamily.fanniemae...)We are considering  doing some short term rentals on it as we won't be there as much as we'd like this summer, but want to make sure doing the "right way".

@Molly Arnott I suspect you are correct that increased competition is what has lowered your nightly rates and bookings.