Based on those Sedona STR income numbers for a $800k home, either the revenue numbers are wrong- and way low, or the property is not a good one as a STR.

However, based on my revenue projections and factoring in a 25% commission for professional property management, it seems unlikely to generate significant cash flow unless they can significantly boost revenue.I'm open to working with a professional PM if they can guarantee decent cash flow.

Loan approval is mostly based on projected rental income, similar to commercial properties.Disadvantages - higher interest rates and can be a riskier investment. 

It feels like one requires the other...refi requires good credit...good credit requires the refi...Does someone have some insights as to how to do a home equity line of credit based on an appraisal and with a low credit score?  

Both my husband and I are W-2 employed with a combined income of $185KWe are not planning to flip the home.

Is there a certain cost per unit I can expect to pay based on the condition of the building? 

Same with the Solo 401(k) for those who are self-employed.  

Hi Wade,DSCR loans are business-purpose loans that qualifies lenders based on their credit score and rent/debt ratio (rent/PITI). 

Either with residential or commercial, yes, there are programs that would allow you qualify based on income/debt.

I'm assuming I'll get a lower cap on that and my only way to add value is by increasing rents annually based on the provincial max amount allowed to increase rents?