My intent is to convert my primary into a long term rental.

A DSCR loan or HELOC for purchasing another mid-term rental?

If you know it's a long-term rental, you want it to be rent-ready and more durable, less extravagant, especially in a town of 4,000.

For preferred jumbo investor lending programs check in with @Joseph Chiofalo to help with baseline structuring and a Pre Approval vs PreQual which has helped several of my luxury buyers win competitive offerings.

We are in the STR Zone, and the goal (if possible) is to get the project complete before 2026 Fifa world cup. do STR for 2026 and start long term renters after.

If the note is a 20 year term and the underlying  note the same, you’ve got $100k invested with an annual return of about 22%.  

We just moved out and are renting it long term and making around $400/month.

My short term goal is to buy our first property to turn into a rental by the end of the year.

The remaining 25% of the gross rent will be absorbed by vacancy losses and ongoing maintenance expenses.When using a lease agreement, the lease agreement amount must be supported byForm 1007 or Form 1025, as applicable, orevidence the terms of the lease have gone into effect.

Depending on the state of those facilities it could make sense to secure a renter before renovating so that you build the area out for the long term renter.