Trying to get a STR Property but it seems next to impossible.

[Wayne Woodson]

I have been trying to get 1 short term rental property, just 1 for the past five years. I know that if I just had 1 then everything else would take off. My credit sucks and I don't have huge sums of cash just laying around. It seems like it has been almost impossible for me to just get 1 property. I have been turned down by more banks than I care to mention. My home doesn't have enough equity to pull from, under the 80% LTV. I have met so called "private lenders" who won't even return my calls. Want me to put down 20%, who don't lend on anything STR or they want me to have a million years of experience and a 900 credit score. In my area of Nashville STR's are all but banned yet I have been able to locate some awesome deals that are approved and would cash flow exceptionally. The issue is literally no one will lend me the money to get them and I don't have $400k just sitting around in my savings. I am at a loss and almost at my wits end.