I told her to incorporate that into the loan repaid amount, and she immediately did and asked for my ID and bank statementsNow most lenders do 80% financing with a 20% down payment, which at that point, I understand why there's an upfront cost.But if this is a 100% financing agreement, why are they asking me for anything upfront?

This would allow me to have smaller payments on my primary residence.

The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.

Many people advertise on both because they tend to draw from a broader clientele if you use multiple platforms (i.e. more digital nomads on Airbnb).

I want to use this equity for a down payment on future value-add projects.  

You'll PITI will go up but you still need to cash flow to make it beneficial for you.2) you can do a DSCR loan which will cover down-payment and rehab cost.

@Robert-Lee PassWhere can you get an investment loan with that low a down payment ?

After accounting for your monthly payment, vacancy, maintenance, management, and a return on the the cash you have to put in, are you still in the black?

Talk with a qualified attorney.I wish I had the money to do this, but unfortunately I'm not in any better position myself, although I have the equity, I don't have the income to support any further financial obligations, otherwise I'd just make the cc payments for her.

Should I pull out a HELOC in order to pay for the renovations, then use my personal savings for the down payment and renovations on the next property?