Hey @Eddie Hincewicz, just an FYI, I did an extensive survey of a bunch of lenders and none of them would lend more on an operating STR vs a similar home.That does include if they have a permit.So anyone looking to buy, they would have to come up with the extra cash if the owner wants to charge more than the comps support.

In either case, I'd look for another lender.If you're going to buy a restaurant, SBA will require a resume with meaningful restaurant experience. 

With an FHA loan, you can buy up to a fourplex (if you live in one unit) and get up to 96.5% financed. 

Take some equity out and buy 3 more that cash flow they carry all the loans.  

She’s moving in with dad to save money to buy a house.

Investment Info:Large multi-family (5+ units) buy & hold investment.

I fix and flip and buy and hold in Cleveland only.

Not all syndicators are similar, there are some that take on huge risks and they might not even realize it because for almost 10 years you could buy poorly and the rapid appreciation bailed you out, going forward they might not be able to repeat what worked before.  

This is one reason I like buying HUD HECMs.

Do you have room in your debt to income ratio to buy another property and if so, would it cash flow?