Cash out refinance: Hoping to get 70% LTV from current strip mall commercial property. 1 unit owner occupied. 30 year term.

Good afternoon @Roque Miranda, Id like to take a look at what you end up with in terms of #rehab contractor agreement or contract. 

You can diversify across markets and different asset classesSt Augustine is the capital of short term rentals Not enough hotels, the beach, the city, nights of lights.

Or is it just better to find a hard money lender for a short term of about 1 year depending on the season period a traditional bank wants?

He was decidedly more excited about that idea.In terms of money, my initial thoughts were that the equity in the property would change over time as individuals contributed more throughout months/years until an agreed amount of parity was reached based on whatever the property called for: i.e. everyone owning a 2bed/2bath had contributed the same amount of capital, that sort of thing.

Just from taking a quick look around I found that there are less that 1000 STR's in the Charlotte area proper and was wondering if there are any restrictions as far as using a property for short term rentals. 

It's just 40%-100% more expensive than last year.One thing I'm seeing is that carriers are limiting "loss of use" coverage.

For a long-term investor, this is a great area to invest.

We now house hack the property to mid-term tenants.

Prepayment penalties range from 1-5 years and you get to decide the length of the term.