I am a residential investment loan officer and would be more than happy to serve as a resource to help you navigate through and become better educated about various lending programs and financing strategies.

A property must have legal access to a public road or an approved private road easement before a STR or Vacation Rental License will be approved.

I suggest you look up some people’s journey using the NACA program on YouTube to see others realistic experiences.

Two questions:What are you thoughts on Home Invest and its program?

In general the DSCR underwriting process is pretty similar across the board vs fix and flip loan programs that can vary wildly.  99% of DSCR lenders are selling the note after anyways so it's really finding someone you like to work with and able to get you the best deal.  

You can find them through public records, investor friendly agents, or tools like DealMachine and PropStream.You can also connect with local real estate agents who work with investors, attend local investor meetups, and build relationships with other wholesalers who already have buyers.The strongest buyers lists usually come from real relationships with active investors, not just collecting names online.

The best program guidelines will be for DSCR loans where the actual or projected rent from the appraiser's rent schedule is more than the new mortgage (principal and interest), property taxes and insurance and HOA if applicable.

Are there any tricks to establishing this legal entity, or do we need to just accept that this is how this part of the industry operates, and either get with the program or find something else to do?

But a lot of newer house hackers  assume the renovation money has to come completely out of pocket, which can limit the deals they consider.There are actually a couple financing options that can make those value-add opportunities much more accessible.Two that come up fairly often are:• FHA 203(k) loans• Fannie Mae HomeStyle renovation loansBoth programs allow buyers to finance renovation costs into the mortgage, which can make it possible to buy properties that need improvements without needing a large renovation budget upfront.

Lastly, do not lie publicly and say that, "Many of our members have found significant success with our program, and we stand by its effectiveness."