If I'm required (by the bank) to leave 30% in the property...who is finding properties where they can make these numbers work?

While these alternatives may come with higher interest rates, the flexibility they offer such as faster closings and more lenient terms often outweighs the upfront costs, especially in fast-moving markets.For example, hard money loans can give you the ability to close quickly on distressed properties, which traditional banks may take too long to approve.

@Fernando Guzman, You know those properties well. 

Looking into moving personal properties to LLC and then trying to get Business Line Of Credit which will help make it easier to scale and diversify.

I still own the property, but it is on the list for a 1031 as soon as one of the tenants moves out.

Hello Fellow BP Members,I am excited that I found my first property for an STR but stressing out over the lender not meeting closing deadline.

But yes always ask for more when getting numbers on a property. 

My wife and I are looking to purchase our first property in Q4, and I’m excited about building the network! 

I could also take a loan and buy multiple properties.

If you're considering expanding your portfolio or need any advice on maximizing returns with your current property, feel free to reach out.