Once that is complete you can refinance at will.

Purchase price: $100,000 Cash invested: $15,000 Renovating my primary residence to cash out refinance and to scale into my first STR.

Good evening everyone,I have a property that I am closing on this month in New York with the strategy of Buy Renovate Refinance Airbnb/ STR.

In a few years, you pull money out through a cash out refinance and buy 2 or 4 more...My original plan was 5 houses, paid for. 

So my thought was if we built stairs connecting the bottom to the top ( so you didn’t have to go outside to get up there.) and converted the full kitchen upstairs to a kitchenette, hopefully when we refinance it will refinance as a single family home (like the previous owners bought it as 3 years ago.) and our value will skyrocket.

And if so, are you required to wait a year to be able to refinance it into a conventional loan to turn the property into a LTR?

I have a new build in FL in a construction loan that should appraise high enough that I plan refinance and pulling out equity to use as a down payment on another property.Any great investor friendly banks you'd recommend?

The good news is that the conventional cash out refinance will free up your VA loan entitlement.

You could use your LLC, but you'd have to transfer Title and refinance with a commercial loan with the LLC as giving the mortgage. 

For purchase/refinance to meet the affordability requirements 80% of units need to be at or below 30% percentile of market rents.