@Lynne MacFarlane One of the insurance agents/brokers on here can better respond as to what products are available, and in your area.  

Pretty much the same as above 12 or 24 months yet not all bank statement are alike.Only 3 months needed with a lower LTV and high credit scores.Although we have some programs that allow multiple bank accounts and even 2 businesses.Personally, I like a different loan product for self-employed borrowers who need a CPA or lic'd tax person to confirm the expense ratio for their business.

You aren't required to start an LLC, do a deed transfer, switch loan products, or any of those steps.

They've done a great job for our clients who need an HEI product, or just want to compare it directly to a HELOC.

Hi Bobbie, you’re in a strong position to qualify—HELOC rates are typically 7.5–8.5% right now, and there may be other “cash‑offer” style investor products that could fit your fix‑and‑rent plan.

Sounds like a productive day overall - even if Google slowed you down.

Now we sell when a product no longer meets our investment criteria (because the property is older than what we want to own or in a neighborhood where the schools are not up to our current standards) or when we want to get out all of the equity (rather than the smaller portion that we can re-fi out) so that we can buy something bigger.

With that said - with the right amenities there is some impressive overall production (sometimes as high as 20% of valuation in gross annual income.)

We work with some of the top lenders nationwide and you wouldn't find a product like that.

@Myrtle Mike Thompson: Is the product gap that anyone can create an STR directory, but the real challenge is that these listings need to be informed by the local codes, bylaws, and statutes that actually govern whether a property can legally function as a short-term rental.Without that regulatory layer, users could be misled into purchasing properties they can't legally operate as STRs.