Before You Buy a Multi-Unit STR: Avoid These 3 Costly Financing Mistakes

Описание: Short-term rental (STR) financing mistakes can wipe out your Airbnb profits - especially if you’re house hacking a multi-unit property. In this video, I break down 3 common (and expensive) STR financing traps that get new investors burned, plus a simple plan to protect your deal.

The 3 STR Financing Mistakes Covered:

1) The “Live Here, Rent There” Trap (Owner-Occupied Loan Misuse)
Why the occupancy clause matters
What happens if a lender finds out you’re not living there (loan acceleration, possible mortgage fraud risk)

2) Ignoring the Rules (Lender + City + HOA + Insurance)
STR restrictions from your lender, zoning, HOA covenants, and licensing
Why standard homeowners insurance usually won’t cover STR activity
The real risk: your business can get shut down overnight

3) Underestimating the True Cost of Running an STR
Why PITI is often less than half of your total monthly STR expenses
Costs you must budget for: vacancy, maintenance, furnishings, supplies, booking software, and more
How a small underestimate can create a big budget hole

🧠 The Simple Action Plan
Be upfront with your lender and get the right loan for your STR plan
Get written confirmation on rules from the lender, city, and HOA (no “probably fine”)
Stress test your budget with a 15–20% buffer - if it still works, you’ve got a winner

⏱️ Chapters
00:00 Intro
01:06 Mistake #1 – The “Live Here, Rent There” Trap
02:22 Mistake #2 – Ignoring Rules (Lender/City/HOA/Insurance)
03:37 Mistake #3 – Underestimating True STR Costs
05:00 3-Step Plan to Protect Your Deal
05:46 Wrap-Up