These loans typically have competitive interest rates and terms, similar to a HELOC.

Many of my consulting clients complain that they get no hits and when they do get interest, the offers are far below the rate (like 50%).

The final document you will need is a Certificate of Occupancy or a Certified Inspection[11].Texas or taxes:The City of Austin's Hotel Occupancy Tax rate is 11 percent, comprised of a 9 percent occupancy tax and an additional 2 percent venue project tax.

These loans typically have lower interest rates than other types of financing which is still saying something currently given that you can get a 6.5-7% conventional loan vs. an 9.5-14% loan using a DSCR or HML.

That is primarily because the cost of money (interest rate) is twice what it was two years ago.I suggest that you adjust your thinking about buying a vacation rental just a bit.

At the current pop-up rate, may I suggest turning it into a whac-a-mole game. 

What kind of rates can I expect?

Those numbers would leave a landlord bleeding cash under the inflation rates we have seen in recent years.

Our current interest rate is 4.875%.

Is the rent rate accurate?