Short term financing for flip or permanent financing for rental?

Your gated community most likely has regulations regarding short term rentals.

Las Vegas Nevada - Very close to CA so I can either drive or fly short distance- No income tax- Can be maybe used for vacation rental- Low Property Taxes*** Worry is economy is heavily based on casino/hotel so if there is a downturn in the economy potentially have a lot of vacant properties in the area due to laid off/less tourist/etc *** Slight concern that I have is that I look at number of renters/landlord ratios (is it owner occupied or for investment?).

There is a significant difference in yield rates on a short term CD and a savings account, sometimes up to a 50x difference. 

They may charge you a higher interest rate than a bank and are usually short term lenders so you might have to refinance it after 6 or 12 months so you can find a long term lender or just sell it. 

Long story short, your HELOC is going to carry a 6%+ interest rate to start with and most likely will climb from there.

@John Barr sorry that I missed this post previously but the short on this is that you can absolutely find this in Texas....although it is EXTREMELY hard to find. 

To make a long story short; debt accumulated from college has left me in a bit of a bind as I’m living pay check to pay check trying to pay off the debt accumulated as a result of college.

Saw your message, I'll reply back to you shortly.

I got a job at Big White and looking buying to condo there so I can easily take care of it and dip my feet in short term rentals.Thanks for the heads up and look forward to speaking with you more.