Purchase price: $165,000 Single family condo that I purchased using my VA loan What made you interested in investing in this type of deal?

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It ended up being a great deal as the sellers divorced and needed money and accepted a small portion of the loan as payment in full.

Something I’ve been thinking about is the benefits of loan pay down.

30 yr fixed Vacation/2nd home loan with 10% down.

For example, say the investor is requesting funds for a rehab draw and they utilized a GAP loan. 

Yes, nonrecourse loans can be paid down on an accelerated schedule.

I'm currently a buy and hold investor (utilizing various househacks), but I'm hoping to get into the STR space end of this year/early next year.In terms of your financing options, here are some things that come to mind (albeit may or may not apply to your situation):- Utilize second-home loan option (10% downpayment) if the property qualifies- Utilize a small local bank to see what loan options they may offer (perhaps some may have experience lending on STR?

You might try and look locally for portfolio loan or DSCR loan.

If you have a mortgage on those properties, you will likely need to refinance these to avoid triggering a "due on sale clause" when you move these into an LLC with conventional loans.