Most investors and Realtors do not keep up with loan guidelines so they tend to tell you things that were true at one point but are no longer true.To correctly find a lender and a lending product that will allow you to cash out refi your recent purchase you must learn the terminology that will allow you to properly ask for and determine the eligibility of cash out a loan program offers.

My question is, does that begin from the moment it became a rental or is there a "lookback" period, allowing me to count prior repairs & maintenance for a certain amount of time?

Flipping allows you to build up capital to then use to buy passive investments.

Your best bet would be to hire an individual to manage your STRs who will serve as the point of contact for all things needed for the units.

This will allow you give a reference point on how much potential rent you can receive.

I was just wondering if there are any issues that wouldn't allow me to make this deal because it is close to foreclosure.

THENNNN SELL HIGH”they are allowing by their silence … “ Buy high and HOPE to sell higher”“ investing “ / risking $200k with $30 k out of pocket…and 4 - 6 months of time ( and now money out of play) to end up with a “ zero equity…. $100 cash flowing… “ DEAL???

Existing operators have long established reputations and positive feedback earning high ratings and allowing them to top the Airbnb and VRBO websites7.

Am I allowed to reach out to the tenants?

The new loan program allowing 5% down and renovation is an amazing vehicle....given you have time on your side, if I were you, I would find a property that needs a heavy renovation and get it completed before you even get there.I am happy to connect and make some introductions to some rock star real estate folks here in the area.