https://www.biggerpockets.com/blog/short-term-rental-loans-a...High Level --Conventional will typically offer lowest rates/fees but harder to qualify, especially if you are scaling and past the first couple of properties or going for the high-end of the market-2nd Home (10% Down) - should be very careful here - these are not intended for STR properties and people using them for pure investment properties are entering dangerous territory (you are attesting to use it as a rental half the year or less, no management, need to live in proximity, etc.)- DSCR Loans - typically your best bet if you don't quality (or have "outgrown") conventional or looking to scale a portfolio or diving into more specialized markets. 

I have a 3-unit off market deal.  2 residential units and ground floor commercial. 3,600 total sq. ft. 

Some markets are excellent for short term, and others not so great.It depends upon your goals, your temperament, and the time you have to invest.

So, you’ll assume the old mortgage but you’ll also have to come up with that difference between old mortgage value and current market value, this is the gap. 

High cash flow markets are a great way to lose your shorts.

Are there any in your market?

PCB is a great market!

@Bryce Kennebeck Are you looking in Tampa, FL market or surrounding areas as well?

Hey @Michael Weleski I would recommend finding someone who is in your market doing flipping/renovations and partner up with them (get to/find a local REIA meetup if you haven't already). 

I made an offer on a duplex, it's been on market for about 10 days.