When a tenant refuses to respond to any means of communication, that indicates they're trying to hide something and I'm right almost every time.What red flags do you watch for with existing renters?

Contact information for existing/previous property management company.Purchase Agreement Clauses for Buying Tenant-Occupied RentalIf you’re considering buying a tenant occupied rental property, there are some documents you want to acquire for review prior to the closing.

So you still need that day job to keep buying, or to actually refinance your existing properties.

I'm just exploring what possibilities might exist at this point.  

More importantly, how did the existing lender get away with it?

For our 4th once we are either going to put a heloc on one of the existing STRs, and use the cash to help pay for the next one or do a cash-out refi, and use the cash to get the next one.The other advantage this has is that if we are able to make an all cash offer on a home, we might have a better chance of getting the home in a hot/vacation market. 

I.e. if you go in anticipating a 10% yield upon stabilization and market cap rates are 5%, you can double your investment.With existing properties, it is the same: your projected NOI upon stabilization/total cost in project should be higher than market cap rates of the product.

We have 4 bedrooms but can sleep 10 with a sleeper sofa-Our parking area is gravel and they're saying parking has to be on asphalt!

I was thinking on adding a 4th room without adding sqft just to the existing sqft of 1500.

In this article, you will be able to get a good idea about whether it's better to build new or to renovate the existing property.