Most new investors don't know if they will like the rigors of taking on a STR and dropping $200,000 for a down payment.

Hi John - We do have one property that will not be profitable or just about break even in 2024 due to all the unforeseen maintenance items:  pool heater, roof, pool fence, handy man over a dozen times, remodeling took 3 months instead of 3 weeks, etc. 

I should be relocating to Kennewick in July/August and will be sure to reach out when I do!

I agree except some clients I already have at limited service will not cash flow at full service or need material participation. 

They want to place a doctor and their spouse for a few months which seems to check out.Since the lease will be in the name of the corporation, how do we do tenant screening for the actual occupants? 

Will lenders entertain an early-stage conversation about how much I can potentially borrow across a few different properties? 

But I will check every avenue possible.

If anyone is willing to help, please let me know.Thanks!

Local Realtors will tell you their experiences.

Basically, Americans are still using their houses as piggy banks, and this just gives them another way of doing that.The argument is that it is too expensive to do a cash-out refinance if you have a 3% fixed primary loan, and this will provide options.What we fail to realize is that equity in one’s home is a hedge against many things like a downturn in the economy, or inflation.