This is the exact form the underwriter will use:  https://content.enactmi.com/documents/calculators/Form1038.C...

Scales well as you grow.Buildium — More robust for mid-sized portfolios, with full accounting, owner statements, maintenance workflows, and document storage.AppFolio — Strong automation and mobile tools for larger operations, better vendor and maintenance coordination, and deeper reporting.Quick guide:Simple & fast → RentRediAccounting + maintenance → Rentec DirectFull feature set → BuildiumEnterprise-scale automation → AppFolio

A few quick recommendations:Confirm it qualifies as residential rental (27.5-year) and watch for any personal use issues.Be conservative on interior components (cabinets, sinks, related plumbing/electrical can get scrutiny).Lean into the amenities — hot tubs, saunas, exterior lighting, concrete pads, landscaping often drive solid 5- and 15-year allocations.Make sure renovation costs are well documented — invoice detail makes a big difference.Double-check placed-in-service date and bonus eligibility.Sampling doesn’t apply unless you’re dealing with a portfolio.When structured properly, STRs can sometimes outperform traditional long-term rentals due to amenities and upgrades — just don’t get overly aggressive on structural components.Hope that helps 👍

You can choose the interest rate and terms. 30 year mortgage, 5 years mortgage with a balloon payment, etc.You are the lender if they fail to make the mortgage payments too you, you can foreclose based on your state law and your loan documents.

Something I’m seeing more of lately with BRRRR investors isn’t deal flow — it’s refinance friction.The buy and rehab go fine.The numbers look solid.Then the refi doesn’t come back the way people expected.And the reason usually isn’t the property.It’s tighter underwriting.Lenders are looking harder at:Insurance costsReal, stabilized rents (not pro forma)DSCR margins after refiClean documentation of rehab expensesA year or two ago, some of this slid by.In early 2026, it doesn’t.The BRRRR investors who are still moving smoothly are adjusting early — padding their numbers, documenting everything, and assuming more conservative refi terms from the start.BRRRR still works.But it’s less forgiving if you’re cutting things close.For those running BRRRRs right now — what’s been the biggest surprise at the refi stage?

I’ve done a few of these where I found the deal, negotiated the terms and handled all the legal documents.

However, you may want to confirm with the Assessor's office that the transfer won't impact your approved term and ensure documentation is properly submitted.

If instead you work with lenders and brokers who actually understand credit, documentation, collateral, and borrower behavior, you can acquire lightly seasoned or newly originated performing notes that still meet yield and LTV targets because the underwriting is strong, not because time has passed.

As far as giving them a time line to complete the documentation- is mine reasonable?

It would need to go through a Non-QM lender.It can be doable, but the key will be identifying a U.S. individual who can provide a personal guarantee and documenting the full ownership chain (trust, LLC, and corporation).If there’s a U.S. guarantor and clear signing authority, we should have options.