You may need to show that you have completed at least 1 fix and flip or hold to get the full cash out, otherwise it may just be a hold back for the renovations and a rate and term refinance for your 1st mortgage 

However, I later found out that he lives internationally.His first draft was missing many important terms, such as those regarding lead-based paint, Megan's Law, etc.I questioned his qualifications for this job, and he assured me of his capabilities.I'm attaching his final version here. lease agreementI removed personal information in the contract. 

I was born and raised in Mexico City and I’ve resided in NYC for over 11 years.I own a couple of short-term rental properties in Mexico City.

Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction.

Thank you so much for your detailed response.

I am going to rent my home on airbnb, I was wondering what all you other short term rental landlords pay your cleaners.

I'm a new investor looking to get into short-term rentals, and in doing my research I've come across the '10% down vacation home mortgage' so I'm looking for lenders that offer this.

You can do a longer term rental, it just doesn't make financial sense if you need to front a lot of money to get it completed first.

If it's to hold long term and pay down the mortgage, the appreciation and mortgage pay down is great.

Together, we negotiated favorable terms with the seller, ensuring we acquired the property at a great price.