Hey Tom,I just want to double check with you as I skimmed through your answer the first time, did a quick check in during work 😳You said their LTV requirement for that rate was <40%?

Last week we visited City Hall and we were told that 1) There isn't any regulations specific to STR's (good) and 2) that "it probably" follows the same process as obtaining a permit for a Bed & Breakfast (not good), which is long and a bit complicated.

The property includes a main home that is 3 bed 2 bath with about 2200sqft, a detached unit with about 500 sqft and a basement to the main home with another 500sqft.

Property Details:Built: 19001st unit- newely redone 1 bed/1 bath (one story), currently has a tenant living in it for 750 dollars/month.2nd unit- 1 bed/1 bath ( two story) walls are finished and painted, still needs flooring, cabinets installed, bathroom finished, closet finished. 

Also, is there a way I can double check their insurance information also?

Another similar unit (same beds/ baths/ sq ft) leased for $1300 per month this year.  

Hey everyone, I would like some advise on how to make my next investment and in what direction I should go please.Our primary residence has doubled in value from our low purchase price and renovations.

Older double-wide mobile on nearly 6 acres of land that is mostly forested and amongst 9 other properties about the same size.

They are all low-e, double pane, customizable, and retrofit.

ARV 190K (complete cosmetic rehab)Rehab 50K Price 87K 2 Bed 1 BathFull basement 1887 sqft* you could make another room and a garage to get the most