In both scenarios, I will use the equity in my first rental via HELOC to either cover the conventional loan's down payment and fund the rehab or to fund the hard money down payment and meet the reserve capital requirements.

While this could lead to a temporary softening in rental demand, it also opens up opportunities for investors to acquire properties at more favorable terms.ConclusionThe recent drop in mortgage rates to their lowest point since May 2023 presents both opportunities and challenges for the housing market.

I don't really watch the "prices" of my rental properties. 

If you are interested, we have an in-person event coming up this Saturday where we are diving in to AirBnB / Short-term rentals in Chicago. 

(at least for now) Even with a somewhat slower year than last in rental demand, even with interest rates returning to historical norms, overall home prices in the Gatlinburg market continue to remain stable, if not slightly climbing. 

The test is just law / maps/math / Agency to an extent ..

They also have a pulse on who in the area has successful property management businesses (maybe themselves)3) Search direct booking sites in your area on google like "Vacation Rentals In Allentown" and see if websites pop up that are not airbnb or Vrbo you could reach out on.

   I've now owned my first rental property for about four months and am now looking to purchase my second property. 

But something just did not add up with those guys ( and they were AZ based and slick as all get out) But to easy to approve me just send 10k for due diligence. only somewhat related but BiggerPockets really needs to acknowledge a new category of lender that falls in the Non-QM space (any mortgage thats not qualifying under the Agency QM rules - including DSCR lenders but also many established non-bank lenders that focus on pretty standard mortgage products that are part of the established Secondary Market and Finance Infastructure). 

This is an all-too-common mistake: a rental sits vacant, less-than-desirable tenants are approved, and then those tenants don't pay and cause issues.You have to rip the bandaid off and ask them to leave.This may sound harsh, but it's not entirely the tenant's fault.