The easiest way to access equity in a property through a DSCR loan is going to be through a cash-out refinance, of which 80% LTV is available in California (down to 660 FICO).We also have the following prepayment penalties available on 30-year fixed terms:o  3-year prepay: +0.00% to base rateo  2-year prepay: +0.125% to base rateo  1-year prepay: +0.125% to base rateo  No prepay: +0.25% to base rateWhen it comes to 2nd position deals on purchases, there is a program I utilize that allows 90% combined LTV (CLTV).

A 4% draw down is 80-120k/yr which is solidly middle class.

When it comes to getting an investment loan you can qualify based on your income or the properties rental income.

The one you are trying to cash out you should be bale to get a 30 year loan based on cash flow of the property.

Don't underestimate any of these variables in order to grow on AIRBNB- Research the market- Present the property attractively- Establish Clear Policies and Effective Communication- Keep the property clean- Know the local laws and regulations related to short term rentals.Remember that success on Airbnb is often based on attention to detail and providing guests with a positive and memorable experience.Did you find this information helpful? 

With I&P Payments x DSCR (1.25(what banks will loan at a minimum on usually)) and that will give you the minimum NOI the property will need to achieve for you to make a return based on basic lending rules.

"Maximum bid" is based on the value of the property, from comps or however you choose to derive that value.

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

Interest rates are all based on the perceived risk of the deal. 

@Christie Gahan PMCs are often lumped in with used car salesmen:(In our opinion this is due to a lot of bait & switching and poor communication.No excuses, but much of this is caused by owners who are always looking for cheaper, but don't care enough about quality.It would be great if someday AI allows a PMC to track every minute their time is spent on a property and send that owner a bill based upon that time, just like lawyers do.