(Not actively purchasing as my money is tied up in the market right now)...so with the 2 lenders i've gotten here:STR DSCR Rural (not a log cabin or other non-conforming structure) just remote sfrHybrid loan 15% down, interest only investment loan with seller paid points to get to ~8% and reduce closing costs DSCR would use long term rental rates to establish monthly DSCR and then offset monthly with average DTI and 800+ credit and high cash reserves as long as DSCR is .75+additional appraisal to establish STR rate estimates to be used alongside the standard long term rental rates5 year prepayment penalty with reasonable terms

You would want an closed end second mortgage instead of a HELOC for a long term cash use like a down payment.

Hey Matthew, It sounds like you are looking for a mid-construction loan to finish this project and refi into a long term loan? 

I'm super interested in buying my first long-term rental near the Atlanta area with my brother. 

San Diego has always appreciated over the long term but in the short term anything is possible.

I'm a young individual who is deeply interested in investing in long term multifamily.

This is not an STR nightmare....this is real estate.I had a tenant die of an overdose in a long term rental.

Hey guysI started to do section 8 and i have a question lately i feel section 8 no paying according to the table sheet they have online in government website, they having appraiser do comps and paying as regular long term rental maybe a bit more but not tremendously. i called them , emailed and all but that is their strategy now , so i asked why they put wrong info on website, seems like they want to lure Landlords lol ..for example https://dhantx.com/wp-content/uploads/2024/01/FY24-Payment-S...You can see zip code 76227 with 5 bedroom showing $4921 (less bills $500) so its $4221.but actually people getting $2800-3000 how come it is ?

This is not a good move on the banks part, but they tend to delay any costs as long as they can. 

I'd thank you all individually but that would just make this thread crazy long lol.