I may be wrong but I don't think Appfolio can initiate this type of transaction.

I am not sure what the mortgage insurance cost is like out there, or how much more difficult it will be to secure a deal with this type of loan.Thank you.

BRRRR deals are everywhere you just need to define our criteria, what areas of market and types of properties you are looking in!

There are plenty of multifamily types. 2-4 units, 10 units, 50 units, 100 units.

Understanding the characteristics of the property and matching it to your ideal guest type is also critical for success.

Using a Home Equity Line of Credit (HELOC) or home equity loan for purchasing a Short-Term Rental (STR) property is indeed a strategy that some investors use, but it comes with both advantages and risks.Advantages of Using HELOC for STR Investment:Leverage Equity: You can leverage the equity in your current home to finance your investment without having to sell your primary residence.Lower Interest Rates: Typically, HELOCs have lower interest rates compared to other loan types, making them an attractive option for financing.Flexibility: A HELOC offers flexibility in terms of borrowing and repayment, which can be beneficial depending on your financial situation.Risks and Considerations:Risk to Primary Residence: Since your home is used as collateral, if you're unable to make payments, there is a risk of losing your primary residence.Variable Interest Rates: HELOCs often have variable interest rates, which means your payment amounts could increase over time.Market Volatility: The real estate and rental markets can be unpredictable.

At the end of 2021 we sold the condo we purchased in 2017 (put less than $40k down initially) to do a tax deferred 1031 exchange and purchased a ugly/tiny 4plex in Golden Hill but I was selling 1 unit to buy 4 in a better area so I was happy.....in 2022 we purchased a 4plex with low money down, also in east county using a small bank that did this type of loan at the time....So between 2021 to 2022 we purchased most of our units (11 units) with little money out of pocket since 2 of them were from cash out refi funds and 1 was from a 1031 exchange. 

On BP we are not allowed to directly promote ourselves so please keep this in mind :P Please refer to my asset protection tier list below, to see if you even need this type of asset protection for your specific use case: Worst: – No coverage, held in your name.

But are these types of renters amiable to, or cognitively able to, handle a rental portal online payment system, versus the cash system.Just my 2 cents.

I would say it matters a bit more on the type of property.