Looking for a DSCR loan product based off of short term rental income. 

Hey everyone,I just got details on a Pre-Approved Short Sale in Ellenwood (30294) and wanted to break it down because we don't see these often.Usually, short sales are a 6-month waiting game, but this one has the lender's 'Green Light' already, which technically makes it transact like a standard sale.The Asset:Location: Weelaunee Rd, Ellenwood, GA.Specs: 4 Bed / 2 Bath on 1.84 Acres (Huge lot for this area).Price: Listed at $235k.Condition: Renovated kitchen/floors (not a gut job).The Opportunity:Ellenwood is seeing a lot of activity as buyers get pushed out of Decatur/Atlanta.

Quote from @Kathy Merkh: Hello ~Anybody have a lender they could recommend to refi a short term rental? 

Hello everybody, Im getting ready to close in on this Short term rental/ mid term rental arbitrage lease with an owner..

I’ve been in property operations and management for about 5 years and currently serve as a Regional Property Manager overseeing both long-term and short-term rental portfolios.On the long-term side, I support two ownership groups and oversee day-to-day operations across 15 multifamily properties totaling 270+ apartment homes.

We tried furnishing our first short term rental as cheap as possible with the cheapest Wayfair furniture and it was a disaster.

Is it best to rent as a long-term or short term? 

If you have an experienced short term rental-focused agent, they told you that going in.If you are shopping for a loan solely based on RATE, you will easily find MANY lenders who say, "Yes!

Or is your concern about having mid-term and short-term rentals on the same parcel?

Material participation plus short average stays can allow depreciation and cost seg to offset W2 income, which is a real shift.