Hi Shai,How many rental properties do you currently own or looking to purchase?

This is a local bank in a rural area and my girlfriend and I have our mortgage on our home through this bank, but I really am not sure how they would have pulled my girlfriends information for a credit check if her Mom did not provide the info.We will be calling first thing Monday morning when banks open, but our major concern is whether she is able to sign for the loan (should it be approved) without my girlfriends approval, since she is also listed on the deed. 

Secondly, talk with someone in your area who is experienced in making these purchases.

Purchase price is $60K and estimated ARV is potentially 200-300K.

Therefore, the building should be purchased in an LLC, where everyone is a partner, and you can then buy them out at an agreed price. 

Our rates are among the lowest in the STR space at this time. and we can do 75% LTV on STR purchases. 

@Chris Harwood, You will need to purchase real estate with your 1031. 

Purchase price: $185,000 Cash invested: $33,900 Sale price: $280,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Sierra Drive, Coulterville, CA 95311.

I am hoping some short term rental owners and possibly locally to you will chime in and offer any information for you.

In those instances you can purchase the new property in 'cash' position and do not have to get an additional mortgage.