HELOCS do exist for rental properties but you are usually capped at 65-70ltv and these will most likely require a full underwrite that takes into consideration taxes, income, dti and all the normal quasi-associated red tape.

This deduction can offset the income generated by the property, potentially reducing it to a tax-neutral position.For those with full-time jobs, the challenge lies in the IRS designation of "real estate professional," which has specific hour requirements that must be met to take full advantage of these deductions against ordinary income.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

The only possible workaround is likely super low LTV (like sub 50) or if its a purchase and basically zero things that would be required to not do SRO if they chose to do a vanilla LTR

Other loan programs don't have home ownership requirement.

Also, thanks Steve, I'm glad some people agree with this required license being too excessive.

However 3 bedroom is the squishy middle where there is only enough space for 1 nuclear family but not 2+, but will require a higher ADR and cleaning fee to be profitable than 1-2 bedrooms.

The county requires a septic inspection every three years.

Required by Law, a Title I have for my Vehicle along with Automobile Insurance.

This pair of products would require two separate systems.