Hi Ruth,For STR (Short-Term Rental), MTR (Mid-Term Rental), and second/vacation homes, DSCR Loans (Debt Service Coverage Ratio) are often the best option.

I do freelance contract type of work, so that’s my only worry. 

The term you want to look up is non-bank lenders (not private lenders).

Investment Info:

Large multi-family (5+ units) buy & hold investment in Clarksville.

Purchase price: $330,000

Cash invested: $1

Sale price: $820,000

This was a zero down deal. I did pledge a...

Greetings all.I want to add several clauses to my contract :1.

Generally if you are looking at a rate-term refinance (i.e. less than $2000 cash-out or just refinancing into a long-term lower-rate loan but same loan amount) then you should be fine - if looking to cash-out on the refi - generally will need to wait six months of seasoning however there are a few lenders that will do cash-outs at the 3 month seasoning mark

As you can see CA isn't outstripping the rest of the country as a percentage, it just feels that way in absolute terms because a 300% increase is a lot more when your starting point is $800K vs $200K.

There's plenty of lenders who wouldn't mind lending to a first time investor, but they may restrict some of what you could do in terms of the project.

Have a small (less than 1000sq ft) house under contract now, closing soon and can't wait to get to work on it!

My landlord/tenant contract states pay rent by the 5th of the month by 5 p.m.