This approach requires more messaging though—and the impact of this at a larger scale could be a lot of extra work—but in our view, it was absolutely worth it.

Photos to come What made you interested in investing in this type of deal?

Your only way to get cashout is a full-blown cashout refinance.Not aware of a lender that will do a HELOC as a junior lien to seller-financing.

I’ve spent most of my life in California (SF/LA) and have been in Pittsburgh for only two years, so I’m still getting familiar with the area.Does anyone know of RE agents in Pittsburgh who specialize in STR investments?

And in general there is a lot of downplaying of risk in the pursuit of pure ROI.None of that is wrong I guess, it's just not my style. 

When the market was slower we even worked directly with the REO bank for the properties and soem of them would do portfolio loans on their own assets. 

If three people are applying together, we don't process any of their applications until all three are complete.

There is a burned out shell of a building located on a main street near our home.

If you have a lot of equity in your home I would first evaluate if it's possible to leverage any of that equity to acquire another asset that would produce more cash using a home equity loan or line of credit3.

I'd love to connect and each of us can help figure it out together if you are interested.