@Justin Phillips i was looking to get a regular HELOC, but the bank came back and said its easier to pay my mortgage off with the heloc and still have access to the 20k for a down payment on my 1st rental.

Single-family home sales increased for the eleventh consecutive month, up a dramatic 47.4 percent year-over-year with 9,105 units sold;The Days on Market (DOM) figure for single-family homes dropped from 58 to 40;Total property sales rose 58.3 percent with 11,348 units sold;Total dollar volume increased 85.9 percent to about $4.0 billion;The single-family average price reached a record high, rising 20.0 percent to $371,854; The single-family median price climbed 17.6 percent to $295,000 – also a record high; Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.4 months year-over-year and below the national inventory of 2.1 months;On a year-to-date basis, single-family homes sales are running 24.4 percent ahead of 2020’s record pace.Townhome/condominium sales shot up 112.7 percent and reached record-level pricing with the average price up 8.8 percent to $246,940 and the median price up 11.0 percent to $200,000;Single-family home rentals fell 3.4 percent with the average rent up 11.0 percent to $1,960; Townhome/condominium leases rose 15.1 percent with the average rent up 8.0 percent to $1,688.HAR

Because then you can't regularly inspect the exterior for points of water ingress and hit it with your plain-jane lasts-forever GE silicone, and if you have windows with exterior trim that's so far gone paint and silicone won't seal it, then you really should be replacing it with PVC trim anyway.Especially in an elderly place originally built with double-sash windows with counterbalancing weights...these days I wouldn't use an installation company if they paid me.

Especially with new local zoning laws, in an attempt to address supply problems, understanding development could equate to greater cash flow for many real estate owners in our area.

I feel if you do things right may be you can do 1.5 to 2 times the regular LTR rent but i have seen that the fulL potential of a property in STR market would not reach for atleast 6 to 12 months unless the hosts are able to put lot of energy in getting the reviews and making operations professional 

If you don’t, just buy regular landlord insurance. 

I feel it's just simply supply and demand rather than shady banking.

It's a nice balance between the benefits of flipping (without the high risk) and the benefits of cash flowing rentals without the hassles of dealing with regular renters (little money down and bugging you with maintenance and repairs).

Is this a one time or regular payout? 

They care about investing their cash to throw off enough regular cash returns so they can pay out claims.