I have plenty of inventory.

Cash flowing 7% deals is just too hard to find now even with the influx of new inventory.

I will say a few things though: Pros:My experience with them improved over the 5 years each year as they added more features, services and personnelThere 10% fee (10% of nightly rates and cleaning fees) is still reasonable for what they do if you don't want to worry about setting up and managing listings, professional photos, payments, guest inquiries, calendars, etc.They basically handle everything up until check in, they then set you up with one of their 'partners' in the area for the rest or you self-manage everything after check-in (I opted for the latter)Their staff is friendly and their owner portal is a really nice feature to go in and look at your portfolio of homes with them in a single space. 

With corona inventory is low, which is driving price up so that also balances things.The state has also been working for a long time to diversify so we don't get hit as hard as we were in the '80s.

., paying off improvement-related HELOC).DSCR loans typically have higher interest rates and possible prepayment penalties, which you’ll want to model out.Keep the HELOC:Gives flexibility with interest-only payments.Tax warning: Interest is only deductible if funds were used directly for rental-related expenses.

I was hoping to use my $100k renovation budget on improvements that would force equity into the property (1 bed to 2 bed conversions of 2 units, HVAC throughout, some energy efficient windows, storage cages in the basement), but spending $58k to fix things leaves me with only $42k for improvements. 

We outpaced "market rent" according to the appraisers by a few hundred dollars by leveraging our awareness of the local market inventory, commuter habits, etc.

Its in Illinois, so if anybody knows of any state or federal credits that might work, please let me know.thanks Most energy-efficient tax credits, like the federal Residential Clean Energy or Energy Efficient Home Improvement credits, are meant for owner-occupants, not investors or flippers.Buyers might be able to claim credits if the upgrades meet IRS standards, but only if they paid for the improvements.

You have a lot of inventory between Chicago and Joliet. 

Cashout refi's are tough to execute with poor credit, and there is no guarantee that paying off old trades with bad history will improve your score.