https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

We're purchasing from the builder and will be using as four short-term rentals.

For instance, if your property is listed for sale below its appraised value or if you reduce the asking price during the listing period, most lenders base their lending decisions on the lower of the two values.

How long was the payback period if you don't mind me asking?

 Any experience with short term rentals in the Rutland market?

Reducing rent for loss of garage and construction would be fair if not rent controlled, but reducing it for a short term negative impact and having that reduced rent be the basis for all future rent increases would be unfair to you (great for the tenant). 

It likely will only achieve ~50% occupancy for this period.  

If you are a real estate investor, you’ll want to know all different ways you can use DSCR from LTR, STR, and even more into speciality non qm short term products to help fund renovations and purchases.

This tactic proves more effective during a buyer’s market, where the seller has difficulty selling the property, and it has been on the market for an extended period.

I just invested in a property out-of-state coming from the NYC area as well.My first piece of advice to you is to figure out what your short-term and long-term goals are with investing before you jump right in.