The support from the RTR team has been invaluable.Looking ahead, I'm eager to explore creative opportunities in real estate, particularly with the unique mid-term rental options in San Antonio.

You wouldn't use hard money for long term financing, and you shouldn't use a Heloc for this either.

Originally posted by @Yasmani Delgado:@Nicole Heasley Let me give you the reason for my question.

Lately, we’ve found a couple large national HML’s that have good terms, very deep pockets but won’t allow 2nd position loans.  

Pete for STRs.City of Anna MariaThe City of Anna Maria does allow short-term rentals; however, there are rules and requirements.

Originally posted by @Evan Bell:Knowing nothing about hotels, what is meant by "flagged properties"?

-If not, then I wouldn't add $100k of 'Value' to the property just for having an established Pizzeria, since as a simple landlord, it all breaks down into the return calculations above (hinging on rent/mo from your tenants, whoever they are) which at your current estimates would leave you under-returning compared to a money-market account earning 5%.Now keep in mind, I have been discussing the long-term hold return of this investment.

The guest responded that because she was so busy during her week long stay she didn’t have time to report these and, “… would be greatly inconvenienced with potential solutions while we were there.”They then told us that they usually gives 5-stars on reviews (based on their 3 reviews) and that she would be giving us 1-star and requesting a refund of $1,000.My wife and I decided it was best to stick to our original response that we would have addressed their concerns during their stay.

Sorry, I reread my original post and I might have worded things incorrectly.

@Angela A. rentals are a long-term game, despite what everyone thinks.Why don't you look into rental rates and work backwards, to determine the max PITI payment those rental rates will support, and then calculate the max mortgage amount?