However, in the market I am in, I am betting on appreciation and I also look at the principal pay down annually that is covered by my tenant.

My question is if banks will continue to finance it as a primary residence as it was when the mortgage was initially taken out or they will now look at this as an investment property and adjust rates accordingly.Thank you for your help.

Esp when it's not much and your accountant can always adjust when it's filing time.

There is an entire world of private landlords out there who thrive on "helping" people with second chances- a few FB posts and I'll bet you'll find one. 

The downside is the HELOC interest rate can adjust daily.

(And keep in mind these 10 are in ONE DAY)I am willing to bet that you won't even get 10 motivated leads in a MONTH using DMM on a $1500 budget.People need to start opening their eyes and thinkIf you are offended because I openly tell you that your marketing system sucks... you are not fit to be a business owner.

I bet your sister didn't consider travel insurance so why should the short term rental be your insurance?

I'd guess so - I got mine funded in Sept 2017- I had 3 choices from the lender -- 3 yr rate lock, then adjustable, (either 5 or 7 yr rate lock) then adjustable or fixed for the life of the loan (25 yrs)5% at that time was what they were willing to do for the 3yrs, 6.75% was what they were willing to do for fixed for the life of the loan - they were one of the larger SBA lenders Id presume and kept it in house.

The reason: they wanted to adjust their market expectations and pricing.

@Sieanna Ariel You bet!