I would only do it if you were okay holding on to the asset for the long term. $30k can turn into $8k or 0 really fast - whether that is due to unexpected costs - especially on an 1875 vintage home - or your ARV estimate being off.

He noted this is likely the best long term option as I should have no other issues moving forward.I am confused and a little shocked as the inspection report from two years ago came back as structurally sound.

Fundamental long-term, neighborhood areas I believe reached their bottom in Q4 2022.

Think long-term.

Other variables will be income coverage, your experience and FICO, the market, and the property type. 

Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.

It is a specialized accounting software specifically for short term rental hosts.

Final comment: meaning this well, but please don't call it underwriting, it makes me cringe every time a newbie uses the term to make it sound like they are buying institutional-grade investments on a weekly basis.

Two years ago everyone wanted to get in on the short-term rental craze, largely because everyone looked like a genius because of the COVID era boom.

Progressive insurance who I have my policy with, is now saying they want to cancel my coverage unless I fix my roof ASAP, and it needs to be done by licensed roofer.