Hi Jared,For the best rates and terms, you'd want a FICO score of 720 and above.

The tax benefits are also great.Where interest earned from lending personal money is subject to ordinary income tax rates, interest earned in a traditional SD 401k retirement plan is tax-deferred or tax-free through a Roth SD 401k plan.

- upping your max # of guests somehow- "no cleaning fee" & upping the nightly rate accordingly CAN be a big driver of bookings in some markets- having your listing/pics done professionally (by someone who specializes in STRs)- a great outdoor area- if you wanna spend $, i'm seeing lots of people adding pickle ball courts & more stuff to do outside like that - having a car there that they can rent on turo for cheaper than the rental cars from the airport

15yr Fixed equity loan base rate could be as low as 10.25% at 100% loan to value, with a base APR as low as 10.25%.

That would cut into your expenses a good amount, add property taxes, insurance, property management, repairs, capex, and a small vacancy rate and you can see that number starts to go down rapidly.

The property I own now has roughly 30k of equity in it with an interest rate of 5.8% I guess my main question is do I tap into the equity of my home to try and do this flip?

Are DSCR usually fixed rates?

If you took a $100,000 loan at a 8% interest rate, you would owe a total of $8,000 in interest.

@Chris Strandburg Our properties are renting out for 50% above long term rates on average.

I too echo the sentiment about the high turnover rate.