Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only. 

Also, based on the need for capital, will you be operating the deal based on your experience?

If the original tenant leaves March 31st and I put a new tenant in on April 15, then the original tenant has to pay the 15 days that the unit was vacant.I'm more willing to work with tenants that are honest and communicative.

I would call it simply a strategy based on luck.

Based on the information you gave, no one can give a decent price, but sure $100k might cover all that....

Budget cuts have been hitting Sec 8 for years, allocations are of course based on budgets, this area has not had any new voucher authorizations for years, as others come into the area they bring their voucher with them and is then adjusted to local markets, you also lose those moving away.As pointed out by our new member, welcome BTW, there can be differences in operational administration, not to financial limitations or authorizations.

I have multiple sales closing next month, but have a situation where Im cash strapped and personally need $5k for less than $30 days.Does anyone do these type of loans not based on credit and fund fast?

My marketing efforts have built a network of consistant referral base for people interested living in a community environment.

Hey Ashely, I highly recommend Felix Montanez with Rocket Title based out of Tampa.

After calculating everything, I found that in the first year cash flow would be cash flow positive by ~$250-$300 based on the expenses provided.- 20% down, 7.5% rateI question if there are things I'm overlooking with this being potentially my first investment property.