Some are more friendly on terms and have more leeway.

A DSCR loan, which stands for Debt Service Coverage Ratio loan, is a long-term loan that uses rental income to qualify instead of DTI (Debt-to-Income ratio).

At least half are not actually here to learn, they are here to get just any random person to validate their idea of success in the short-term.

"Who really knows, we thought life was completely over when Covid hit and it was the best years in terms of growth.😂 LolThe market ebbs and flows.

This would really be a long shot deal and not anything I would be bothered with unless you were talking significant sums of money, say in the mid 5 figures or more.

Your quotes will not be comparable unless you have that detailed scope of work so that you know everyone is quoting the same job.You should not advance money to the contractor unless the materials are on site and the work is being performed.

We’re long-term rental property owners, with a condo we’ve owned since 2009 and rented out since 2013.

We assisted with many of these during low rate environments where the loan was planned as a very long term option.

I was wondering if any real estate professionals like you can prove this to be a good move in terms of investing.

**Deadline**This serves as a reminder if you have a house/cabin in Sevier County (unincorporated areas) that you are currently using or intend to use as a Short Term Rental, today is the deadline to apply for the Short Term Rental Permit.