I also regularly come across off market sellers and my team member owns a STR management company, so I direct all STR underwriting to them as they are the experts on performing/non performing properties for STR strategies and then identifying options.

I can get you some options on tapping into the equity of those properties.

Find a company that can walk you through their process, has flexible spending options and no high-spend minimums.

The activity options are better as well.

Two options-tell them to move and not renew their lease, or see if them paying 50% of the rent on the 1st and 50% on the 15th would work better for them-stressing that it must be paid on time (do a 3 month trial) or you are simply not going to renew their lease.

If it is livable, give him the option of moving out for a few weeks or a reduced rent while the repairs are being done (depending on how long the repairs will take).

I am in the northern Utah market, and although we don't have a lot of slab foundations, PEX is the go-to plumbing option.

Perhaps when the business lines of credit grow after sustained  responsible use, the value will pay off in the longer run as compared to other options I may have missed/not thought of (such as what you suggested).

Is it ever a good option to pull from your 401k to make a down payment? 

Hi Everyone,We are three buddies starting out the investment together and have an LLCregistered.Now that we have identified the property to buy ,we reached out to AXOS and were given the option to take conventional and transfer the title after closing / take an LLC loan at a higher interest rate (1.5% more)Should we go the conventional route and then transfer the title after closing ?