What i'm struggling with is whether it's worth trying to do a non-recourse portfolio rental loan that combines all these into one loan. advantages are mainly that i get to wipe off the recourse nature off the record, can structure a 10-year IO period and ARM after that; however, the cost to complete is meaningful - 1% origination fee, $2-4k closing fees, new title policies cost of $15k or so, higher coupons of 4.3% +/-, prepay penalties and non-assumable, probably more difficult to selloff properties individually.

What i'm struggling with is whether it's worth trying to do a  non-recourse portfolio rental loan that combines all these into one  loan. advantages are mainly that i get to wipe off the recourse nature  off the record, can structure a 10-year IO period and ARM after that; however, the cost to complete is meaningful - 1% origination fee, $2-4k closing fees, new title policies cost of $15k or so, higher coupons of 4.3% +/-, prepay penalties and non-assumable, probably more difficult to selloff properties individually.

I'm not sure how long subject went from 100% occupied to zero but it sounds like over a long period such as six months?

We use an umbrella policy for our primary liability protection, but also have an LLC that gives the appearance of adding some protection.  

My local credit union did a free appraisal on my house, and there were zero closing costs if I kept the money out for 6 months. 

Specific bank policy as opposed to what you can actually do elsewhere.

Not a lot of value add, but if I had to choose something it was switching from a STR to a traditional rental and going from collecting zero dollars in rent to collecting 1500.

If you need more get an umbrella policy.

We ran into so many challenges, to name one, I had ZERO experience with doing renovations, sounds like a fairy tale but it honestly all worked out, I was patient and I really believed I could get it together and get the job done.

My risk tolerance is usually pretty decent, but given the stakes (of being unable to find alternative financing), I can’t seem to mentally let go of conventional lending options.The risks I anticipate are: 1) Credit score will drop with a lot of activity in a short time (though I don’t know how much), 2) The properties are pretty rural, so appraisals could be low or lenders may offer lower LTVs because of the rural classification, and 3) Sudden market shifts could make lenders skittish about vacation rentals, making it more difficult to secure non-conventional lending.My questions are: 1) How confident can I be that I will be able to secure a DSCR loan?