I gotta tell ya, this is the biggest dumpster fire of a failed sales pitch that i've seen on these forums in years.PM, sales, rehab, marketing, everything.

I always, without fail, carry a gun, always.

Basically, Americans are still using their houses as piggy banks, and this just gives them another way of doing that.The argument is that it is too expensive to do a cash-out refinance if you have a 3% fixed primary loan, and this will provide options.What we fail to realize is that equity in one’s home is a hedge against many things like a downturn in the economy, or inflation.

We lived in it as a single family residence and over the years of things that looked like they had been renovated started failing… we realized the owner before seemed to have a slap it together cheaply himself mentality.

That designation of “crisis” has been renewed without fail every three years and so the “temporary” crisis has existed continuously for 77 years.  

They are around 4%, which is higher than some major cities.Could you do mid- or long-term rent well if everything fails?

If you fail to follow the rules, you may open your personal assets to a lawsuit.

If you fail to follow the rules, you may open your personal assets to a lawsuit.

If everyone else's STR team around you does win and your team of STRs still fail to perform then the issue could be the manager/coach (you).

There are lenders that will finance newbies, even at 100% of the purchase & rehab, but if the numbers do not make sense, the chances of that deal getting to the table are thin (especially if the lender wants to help borrowers succeed, not help them fail).The lender's underwriter looks at every deal, but especially the lesser experienced operator's deal to determine what is exposed vs what is the return.