Excel definitely gets stretched thin once you’re dealing with multiple payout streams plus quarterly/annual filings.I don’t run STRs at that scale, but for my long-term rentals I’ve been using Baselane’s platform to keep the finances cleaner — rent collection, expense tracking, and property-level bookkeeping all stay organized without me building out custom spreadsheets.

And "Finance Cowboy" sounds particularly guruish.

You’ll need to put down 20-25% for each property as you can only get owner occupied financing when buying a new property you plan to move in to within 60 days.

For seller financing there are sites that can be used to check like equifax etc or other sites - you just have to sign up.

If you'r using a broker who's always bringing you the most competiive financing they likely will try to keep it at two points "all in".

Construction loans are different from financing rentals where the lender’s involvement is often limited to collecting annual financials, tax returns, leases, and insurance renewals.

If the Tenant Buyer walks away from the deal I get to keep his Option payment, since it is non-refundable and I sell to another Tenant Buyer and get another Option Payment usually about $20k to $25k.I encourage buyers to get qualified for financing, give them a mortgage broker contact and to plan their lifestyle to be able to get a loan to exercise the Option.

Using credit card with 0% financing.

Traditional financing is just too slow for most flips right now.Private lenders who maintain conservative underwriting are still funding strong deals without much slowdown.

If I were to start from the ground up, it would be difficult getting financing because I would be leaving my job and source of income and also my place to live.