That’s fine, but it should be evaluated as such.Two things I’d want clarity on before proceeding:• At what point (rates + seasoning) can that equity realistically be tapped without new cash injections?

It sounds less like relying on “one funnel” and more like having a repeatable framework that lets you evaluate opportunity wherever it shows up.Out of curiosity, with that many acquisition channels in play, what’s been the biggest limiter lately — volume of qualified leads, time to properly underwrite, or just filtering signal from noise?

Distance can raise questions if records are weak, but it does not fail the test by itself.With average stays under 7 days, the STR is evaluated under the material participation tests.

We’re evaluating property management software for a small portfolio: 2 short-term rentals (STRs) and 8 long-term rental (LTR) doors.

To pick a location, I understand I want to evaluate median income, a large population of those approaching retirement age, and a decently dense population.

Hi @Michael Din You may be close, but the main risk is the cash-out refinance or second mortgage, because that is where the lender will re-evaluate your debt-to-income ratio and potentially disqualify you again.The safest way to approach this is to assume the 160k loan first and close the purchase with the lowest possible monthly obligation.

We are evaluating one near Kansas City.  

We have projects either in progress or starting around Jasper and in Big Canoe.

My partner and I are evaluating an 8-unit multifamily property and trying to determine ARV, but there are no truly comparable sales in the immediate area.Current NOI is approximately $70k, and based on underwriting, we believe we can increase NOI to around $85k through rent optimization and light cosmetic rehab.Our questions: Is ARV essentially calculated by applying a market cap rate to the stabilized NOI (i.e., Value = NOI ÷ Cap Rate)?

Apparently his only criteria was projected ROI, no need to evaluate RISK.