Additionally, limited experience can also result in lower leverage, higher rates, lower LTV and ARV caps, and fewer options and features that are not available to investors with less experience. 3.

If you need any insights into financing options (value add bridge or permanent), I'm happy to be a resource here to help. 

Both options necessitate careful legal and financial planning due to their complexities.Renting out the property at a market rate of about $3,500 per month offers a different set of financial benefits.

Additionally, you may look at less traditional financing options. 

Once I've added value to the property, I have the flexibility to decide whether to sell it or refinance for a cash-out option, enabling me to repay the credit cards.I'm not a financial advisor, just simply sharing what has worked for me. 

Many options .

Without clear terms in promissory notes with punitive measures to set standards for performance, and security against the subject property, there's little incentive for timely repayment.🛑 Insufficient property equityLending without enough equity in the secured property as-is can leave you unable to recoup your investment in case of default.

@Namal Burman San Diego is one of the top House hacking markets, if that is an options for you, it might be worth looking into.

If this STR business is viable, or if there are better options for shielding W2 and rental income, I am funded and ready to roll.

I understand HML have lots of associated costs to them but the main reason im considering this option is because the home is listed way below market value and is a cash only property.