Finally, make sure that your short-term rental (STR) meets IRS requirements and doesn't get classified as long-term or this could prevent you from leveraging this tax strategy event though you are materially participating in property and it was placed in service.

Purchase price: $290,000 Cash invested: $90,000 Sale price: $478,500 Rancher/rambler of 2,150SF at the heart of Bel Air.

Hello Alyssa, Have you looked up your Air DNA rental income, you can project the income pretty easily, I don't know what zip code your property is in, but with Air DNA, for a 3/1 in 78203, you are looking at 51% occupancy, with $37,834 Projected annual revenue at 51% occupancy. 

If I paid down 80% of the loan then obtained a 2nd position Heloc, is there anything to prevent me from paying off the 20% remainder on the first lien, then paying myself back the 80%, essentially leaving me with a first position Heloc?

We finance Short Term Rentals, Mid Term Rentals and Long Term Rentals, for short term rentals we don't require any seasoning, and can use AIR DNA for estimating the Rental income.

There are 6 air bnbs (3 duplex) they are building using the money from selling 12 SFH in the deal. the deal includes this and a 16 plex. 

This project, located near Shafter, introduces a cutting-edge technology known as Hybrid Direct Air Capture (HDAC), which simultaneously removes carbon dioxide from the atmosphere and produces water.

With a diverse background that spans over 14 years in business ownership, sales, marketing, media, and business development, I'm eager to bring my skills and experience into the BiggerPockets community.Before diving into real estate, I spent 16 years in IT with the federal government, and I'm also a proud Air Force wartime veteran.

I typically find a new tenant before they leave, or shortly after their leave, which prevents me from any losses and puts more money in my pocket.

I do not believe there are any Covid related moratoriums going on right now that would prevent the foreclosure of an investment property.