While that is hopefully a rare occurrence that most will never see, it is something you need to have reserves for.  

Is it the reserves putting you in the red? 

None of this really automated, because it requires manual looking at the software, but it is still easier than physical contact or cheaper than a property manager.Since starting our short term rental in September, I have never once met a guest in person.Does the Schlage app integrate with your reservation system to set up guest access for each check in/ out time or do you set up the access duration manually? 

After getting a signed lease, estimated monthly cash flow minus reserves is $434/month, CoC 21%!

The disadvantages of this loan type is it will be a higher rate than a conventional, Minimum credit score allowed is a 660, 6 months of reserves and 15%-25% down(based on Credit score).

Yeah that makes sense and it’s always better to have the reserve funds for just in case.

Ask to discuss their call center programs and reservation taking systems. 

Keep sitting on 10k reservePay off final 6000 in student loans by august (this btw has zero interest rate until 9/30/21)Starting in September 21 Save 1300 a month for first investment for 15 months.Buy first multifamily property by the end of 2022 with about 20,000 to drop on the first down payment and closing costs and then 10k in reserve and extra monthly cash flow NOT from the property of 1300.

This allows me to keep my funding in reserves, which these lenders usually require, and also gives me the flexibility to jump on houses quick, as most hHML/PML can wire cash to escrow.These lenders DO like to see experience, so it may be tough to find a lender that will work with you or give you the terms you want, however it is worth it to reach out and get a term sheet once you find the deal you want.Another great option to get your foot in the door is partnering with another investor.

We have our own website and reservation software and use Stripe to process payments.