Several factors indicate the company is not that concerned about efficiency or ease of customer process: the website, a process that seemed to focus on one issue at a time instead of all issues at once, and consistently poor communications and lack of common sense from the loan analyst we were assigned.It started off very well with the initial point of contact, Austin Lornson, who did a fine job of explaining the general refinancing process, responding quickly and thoroughly to our questions.

Biggest struggle is finding deals that make sense where the numbers work and in locations that would work for STR.

This is not “student housing” in the traditional sense - even the vacancy risk doesn’t exist as it’s a 12 month lease / they work over the summer there, etc.  

However, the reality is that a tenant can break their lease at any time by just not paying and the owner will lose that income; so a lease is just a false sense of safety. 

If you think about it in a mortgage sense..

Made sense at the time. 

That 95% makes sense as an appreciation return, but for true CoC, you’d need rent income factored in.

If im out of state, does it make sense to join social media groups, etc. to accomplish the same thing without being physically there? 

It may make sense to save a bit more and invest from a position of power.Keep in mind most helocs are adjustable.

The only situation that I think it would make sense for you to start investing right now would be if you are not investing the full $200,000 and are looking to take some money off the board and put it into a safer investment.