Some of the help offered here is accurate and some of the help offered is a bit offFor most cash out refinance loans on investment properties the Max leverage offered is 75% LTV (You may find 80% but that really isn't industry standard) Which at a 250k "As is" value your max loan amount would be $187,500.00 If you purchased the property for 165k and renovated it for 30k you are all in for 195k Since I am assuming the property is owned free and clear the $187,500 (minus closing costs let's call it 5% of the loan amount) can be used to pay down your debt.

I realize the subjective nature of this question and how open to interpretation it is which is intentional to elicit a multitude of different responses.

Hello all,I live just south of Cincinnati and am hoping to find my first rental property in the northern Kentucky area. 

Will this property qualify for all the tax benefits of STR?

My strength admittedly is on the administrative tasks.For those who are opposite of me, who struggle with the administrative side, would you consider a B2B relationship with a service that takes all of the tasks off of your hands, and if so what would you be willing to pay (% or flat fee).To be clear, what would be offered would be:- Listing on 15+ channels including Marriott Homes and Villas, Abnb, VRBO/, Booking.com, Zillow, coming soon Amex Travel and Hyatt, Jetblue and Allegiant Airlines, and more.- Pricing software w/ live revenue manager- Smart Lock software- 24/7 Guest Communication via platform, voice, text, email.- 24/7 Communication with owner or PM staff for maintenance or cleaning issues. 

Personally, If theres a good tenant that has been there 10+ years paying on time, I would be ecstatic.Think of all the headaches you are going to save!

I suggest to all my bookkeeping clients to open up a separate bank account for this property. 

Most important of all: A deal that provides a high risk adjusted return with a well thought out plan for acquisition, management, and disposition. 

Also there is a management fee to pay for all of the above.

With this lender, the seller is not required to partner with you at all.