If you don't go over 2 weeks, there is no penalty.I am betting you will only be able to do a partial deduction on the expenses based on only part of the house being an actual STR.

I am an investor (small MF LTRs) and realtor based in Fort Lauderdale. 

Hi Dan, DTI only allows us to borrow a total of 750k based on my wife.

UtahAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bank of Souther CaliforniaBank of West (BNP Paribas) 60% LTV CA, AZBB&T will loan on a rental portfolioBBVA, now PNCBellwether NH and MA 85% to 100%, draw 10 yrsBMO Harris, 3 HELOCs to 70% LTVBoeing employee credit union Cal Coast Credit Union, CA Citizens Bank -Minnesota, only in-state.

DSCR loans qualify the property based on the income-to-expenses ratio.

The base price for townhomes in my community is 386K, SFHs start at 414K and the next home (new construction) scheduled to close in June is closing for 699K (just to give you an idea of range).

We now have a new strategy which we are asking for input on before we move forward at a fast pace to scale quickly in 2024.We plan to use a HML for the Acquisition, Pay cash for Points/closing/repairs(no HML draw costs/waiting periods).

Diversify your thinking, crunch the numbers with a financial advisor, and weigh the pros and cons before making a decision based on your financial goals and your child's living needs.

, but so far, have yet to find one that will open a HELOC in my entity name/based on DSCR (they're all wanting to look at my personal DTI).

Larger cities like Tampa and Orlando are more equity markets now so investor who are purchasing off the MLS should not expect to find cash flow in the first year or two but based off of historical performances of property value growth in these two cities should have decent equity growth.