Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

If you want the least amount of stress and risk, that's fine, but financially you'd be much better off over the long term by using your cash flow to buy more leveraged properties instead.

That w2 still does not limit you to things like the short term rental loophole for instance, which can help you offset those painful CA taxes.

It can even take short-term rental income as a basis for qualification.

An estoppel just explains and clarifies the existing lease in place - lease terms, duration, and making sure the tenant is current with rent!

Initially, I have been the most interested in either single family long term rentals, or STR's.

If the tenant doesn't pay, we don't get paid long term and it's a loose/loose/loose for all.

I invest in STR and I am currently switching over to Mid-Term Rentals.

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.

The reno to get to the ARV was simple, but I had budgeted $70k conservatively.