Sharing an article I published here on BiggerPockets last year related to this topic on all about the financing options / qualifications / underwriting for STR income in case it helps you!

Constructing an IRR timeline on both options using the timeframe you decide on will help you visualize the better yielding investment.

If you are looking to refinance with a rate and term or non-qm option you may be looking at around 6 month season.

I’m from Idaho but have just started considering similar investment options in the Detroit area.

I am wondering what my options are to turn these properties around.

The last time he told me that it wasn’t even working but it still has power and the infrared lights light up. 

Hey @Mohammad Al-hadad,The first thing I would say is that the cool thing about real estate investing is that there are many options and styles about how to invest and what strategies you want to pursue.

Now, I'm excited to turn this passion into a career, and any insights you can offer would be invaluable.I believe in the power of connection and collaboration, which is why I'd love to network and connect with others in the industry.

Hey jeremy, sometimes the best options may not be local I recommend asking some qualified investment focused brokers 

If sales price is 400k and I want 75k cash but tenets only can provide 15k, what are my options?