Or rent for less long term.IF I can make this Lake Front property a successful 30 day furnished rental, it will allow help pay for my parents care in assisted living, and reduce the draw down on their savings (and preserve my inheritance). 

Any kind of help is much appreciated.

Knock on all doors of homes that are in pre foreclosure and offer to help.  

This process helps find any problems or risks that might affect the business.Now, don't get your financial due diligence and property review mixed up.

I’m also an agent in IL IN MI if you need any comps or help.   

Just yesterday, I helped a fellow BP member go under contract on a STR in South Central PA.

Many lenders, including my group, offer a DSCR product to refinance on the back end as well.Before taking out a loan for a BRRRR project be sure to calculate all carrying costs (taxes, insurance, utilities, HOA, loan interest, etc.) to ensure (i) you have sufficient cash to cover monthly payments for at least the duration of the project and (ii) your estimated rent after repairs is at least 1.10x PITI (monthly refinance loan payment principal and interest, taxes and insurance).We have a proprietary BRRRR cash flow calculator tool that we share with our clients to help reliably assess costs and returns for these types of projects.

Hope that helps a little!

I thank you for any advice and help provided. 

Hi All,I live in Frederick and invest in Frederick and Washington County for the last 10 years.Happy to help