You can potentially qualify for a regular rate & term refinance of the 91k loan (plus closing costs) within 12 months.  

Better tenant selection and regular inspections will stop this from happening.

@Andrew AcunaPlenty of arm chair investors that don't know the difference between a shoe horn and shoe molding.Regrettably the majority of tenant problems are created by incompetent landlords.You have read the posts....my tenant regularly pays late.

Regular channels for mortgage will not work....

If so, we finance SPEC builds on a regular basis, both single unit and multiple/subdivisions. 

Would you then say AIO is better than the regular 1st position HELOC?

It's not any specific form, it's the regular monthly/annual report from your PM.If you're self-managing this project, then you need to give your tax guy a detailed list of your expenses.

Hi Fred,To be fully approved, you need to register the property specifically as a short-term rental in addition to the regular rental registration.

@Sean Minihan I always recommend you find a REI group near you that meets regularly.

I might not be very regular here but I'll continue to post about my experiences and learnings as we go.