The loan amount is levered off the "Loan to Cost" (Purchase price + renovation). 

Especially if you take that money and reinvest it in another property you are way better off. 

If you want to work with investors I would invest into cold calling to find deals and then sell them off market to investors.

I recommend working an accountant who specializes in real estate taxation and tax planning.

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Once you rehab it and maybe put $50k of "sweat equity into it", it would be worth $200k, but they would sell it to you for $150k seller financing after the down payment.So, on the surface it sounds great because you aren't coming out of pocket, but in reality if you have the means to close the deal in cash or with any kind of financing like a hard money loan you would likely be better off. 

In this section, I want to emphasize the benefits of seller carry financing, share success stories where it enhanced the deal, and highlight the tax advantages of utilizing a 1031 exchange.Seller carry financing is a powerful tool that allows investors to purchase properties with flexible terms and minimal upfront capital.

A 1 bed room studio in a good area that is NOO STR eligible starts off at $600k. https://dlgoodmanproperties.id...In Davidson County a Short term rental is any rental agreement less than 30 days.

Or will the appraisal just not consider that additional bathroom and bedrooms and based his appraisal with the tax records.