Yes there are loans specifically for STRs if you need any help with that let me know.

If a loan gets called, my end buyer is totally screwed because I don't have the resources to pay the bank or refinance.

If I take over this loan through a subto purchase, does the tax exemption remain in place or would I have to start paying taxes?

We specialize in DSCR loans and would be happy to jump on a call to discuss further.Bobby

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

Let me here what you would do with the scenario.Purchase Price:40KRehab: 40KTotal Loan From Lender after Rehab: 80KARV: 130KFair Market Rent: 1,200 Mo.If this was your very first purchase, with a goal of wanting to scale, and build a portfolio based around LTR, and Fix and Flips.

Typically, you will see loan products that are marketed up to 75%, MAYBE 80% LTV.  

I found there was loans taken out using a 3rd party that was disguised or hidden on their taxes.

@Jake Posner- thanks for the post ...if you plan on needing financing for the rental proeprty - make sure to get  fully pre approved  for the hypotehtical  scenario you are planning ...use a loan officer or lender that is licensed is all the states  you are looking at . thanks 

You can also get a personal loan up to $50K which typically is to pay off credit cards debts, do renovations etc, but it can also be used as a down payment.