They'll only do 1st position mortgages, require to be added on insurance (property & title), close at a title company & have great docs.They may lend to existing investors more, because they have more of a track record of utilizing their money, then quickly exiting to Refi them off.

I would look at the more expensive RE markets such as Chicago.about 1.5 years ago I added a half bathroom out of existing space on a property with PSF above $2k.  

New construction vs existing homes (important) Here’s something counterintuitive.New construction in East Tennessee is often cheaper than existing homes right now. 

That's interesting, because we do creative finance which is typically 10% down and taking over the existing 6% loan that has been paid down for a couple of years (say 24 months already paid for $1,500 a month is like saving something like $36,000 or so.

If you speak to a mortgage lender, s/he probably won't even know the investment HELOC exists.

You will need to be aware of where your competition is price wise and make sure you are more aggressive to get any demand that may exist mid week.

I do have an integrated account so it flows well with my PMS and existing systems. 

We will allow someone to take over the existing lease timeline if they go through full lease application and replace security deposit.

Your best bet is probably reaching out to existing STR owners who might have a slow season they'd consider leasing out to you.

That’s how institutional buyers think, and that’s where liquidity still exists.