Maybe anonymous or semi-anonymous from hosts they know the guest stayed at to prevent retaliation.

I don't recall the numbers, but one was with Isabelle Garino-Smith who runs RAL Academy, and I'm drawing a blank on the other one.

You want to make sure they are at or below 5% to make sure they are able to stay solvent.

Here are a few thoughts based on your goals:HELOCPros:* Flexible funding you can draw from as needed* Interest-only payments during draw period* Typically lower rates than hard money* You retain full control (no partner splits)Considerations:* It adds debt secured by your primary residence* Rates are variable and can rise* Make sure the rental income will comfortably cover your existing mortgage + HELOC paymentsIf your credit is solid and you have enough equity, this is usually the least risky, most cost-effective option for a new STR.Hard Money LoanPros:* Fast access to capital* Can help you compete with cash offers* Often used for flips or BRRRsConsiderations:* High interest rates and fees* Short-term repayment (usually 6–12 months)* You’ll need a clear and quick exit planThis can work, but it’s higher risk.PartnershipsPros:* Share risk and capital* Bring in someone with skills or market access you lack* Can accelerate your growthConsiderations:* Requires legal structure and strong communication* Profit splits reduce your long-term returns* Can be messy without clear roles and alignmentPartnerships can be powerful if you find the right person.

Hi Christina,Here's a clear breakdown to help you understand how to access the equity in each property, depending on your goals, especially using it for a down payment on House 4:House 1: Primary ResidenceHELOC (Home Equity Line of Credit):Pros: Flexible draw, interest only payments during draw period, good for short term needs.Cons: Variable rates, payments can increase based on how much you draw.Best for: Keeping your lower first mortgage rate intact and accessing funds as needed.Cash-Out Refinance:Pros: Fixed rate, lump sum, can have lower interest rates than investment property loans because it's your primary residence.Cons: Replaces current mortgage rate (which could be at a lower rate).Best for: If you want to simplify into one loan.House 2 and House 3: Investment Property DSCR Cash-Out Refinance:Viable option here that doesn't use your personal income to qualify.Based on potential rental income (current rent, market rent or appraiser’s rent schedule).Typically max 70-75% LTV.Documentation is minimal.Happy to help if you’d like to walk through potential numbers or talk through how others structure this kind of move.

There was some cosmetic work that was needed which helped draw away some competition.

We will rent the bottom unit short-term and the upper unit rent per bedroom for medium to long-term stays.

Since your area draws work-related travelers, consider tailoring your setup for longer stays: strong Wi-Fi, workspace, and mid-stay cleanings.

We are literally built for it.I would second @John Underwood in saying to stay away from condos.

It's important to compare the overall value of -Loan Terms/Cost (interest rates + fees)-Leverage Offered (LTC vs ARV maximums)-Loan Term (always want a minimum 12 month term with no PPP even if I'll be out in 90 days)- Draw Process for rehab funds (how easy do they make it)- Reputation ( what do google reviews say/do I know any other investors who have used them)-Communication (how frictionless is it to communicate with them?