If you haven't done that recently, you can change policies mid-term, but you will need to make sure your bank or loan servicer know if you do change.

Marina improvements ahead of us, county jurisdiction liberties on STRs, and an upcoming golf course has really made this area go nuts!

Wheatland Bank was good to me but the lender I worked with has since retired.

My below recommendation is something I'd do only if I had these things in order...But what I would do is put that money into lead generation dollars through Google PPC to generate new seller leads.I'd then close these deals and either assign the contract to a cash buyer OR novate the property on the MLS with the help of a local agent.After that when you have some good coin in the bank you can explore more investment options at your disposal.And just so you know -- I consider myself someone very low on the industry totem pole due to my small amount of experience. 

I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

Quote from @Zach Engen: The federal savings bank does 5% down on vacation homes, talk to Jason Wray over there.Email? 

He would also not need any private money lenders to close these transactions -- his bank would be dying to give him a commercial line of credit. 

The banks have been encouraged by the fed to work deals out with borrowers and I think that will continue to happen.

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

And then I would use trust deed and promissory note to get a loan with lower interest rate this is how all lenders work banks HML private money lenders if they are scaling..