Looking to get into my first STR in the next few months out in the Knoxville/Oak Ridge/Gatlinburg area(s)....I understand getting average daily rates, occupany rates, mortgage, saving for maintenance/CapEx.

The below terms are live as of this date, for a rate and term refi (no cash out).From left to right:Points: 1, 1.25, 2.Prepayment penalty: 10 years, 3 years, 5 years.Commentary/review, hopefully this thought process is useful when evaluating offered terms for a maturing commercial mortgage that needs to be refinanced. 

The lender that I'm choosing to cash out with requires a 6-month seasoning period.

I also thought about just taking out an FHA loan (since my wife and I both have 750 credit scores) and buying a house and renting out my mobile home to cover the mortgage.

-Buy the property for 715k (It appraised for 700k)-325k loan on the property with 390k equity-SubjectTo Finance the 325k and take over the mortgage/deed-Seller finance the 390k equity at 0% interest for 2 years and 6% interest for 13 years with a 20k down payment paid over 6 months.

Current lender is Guild but sounds like they need the oven installed 

Hello, I am new to the investing business. Just wanting to make some connections and see if anyone knows of any buyers for the Texas or North Carolina area. Would love to JV on deals or split 50/50. Would love to chat!

You could get a 30 year fixed mortgage and lower your LTV so that your monthly payment is manageable.

The owner bought it for cash, so no mortgage.

Vidal - you would want to go to a lender and have the properties appraised (different from the city assessment).