Where to begin for our first STVR purchase?

[David Taylor]

So, this isn't my first post here - but I think I jumped the gun in my previous posts. They were good questions, but I skipped the important bits.

Where/how do we begin?

My wife and I are both employed full time, and are able to squirrel away about $1500-$2000/month into a savings fund we have set up to use for our first STVR property purchase. We have about $15,000 saved up at this point and both have "Excellent" credit (785 for my wife, and over 800 for myself). We are gung-ho to start the process, but we honestly have no idea how much money we will need to begin. Which means we don't know how close we are to (or far from) our "goal". Obviously, there are several considerations: price of home, financing options/terms, "condition" of home, etc.. For our first STVR, we think we'd like to go with something a bit more "turnkey".

If you had $15k, and were first starting out, what would you do? Would you save up more money? I'm trying to avoid analysis paralysis here - but it just comes so damn naturally to me... :D I've done a bunch of reading/listening to podcasts since we got hooked on this concept - but the "entry point" has me stumped. 

Suggestions? Thanks!

[Bruce Woodruff]

Originally posted by @David Taylor:

If you had $15k, and were first starting out, what would you do? Would you save up more money? 

Of course, we don't know where you're located or what price range you are considering, but I would think you'd want a little more $$

$15k is great and I commend y'all for getting that squirreled away, but that's only 10% down on a $150k house. You said you want turnkey, so that leaves us searching for $150k turnkey houses, that people would pay you to vacation in, around the country. I'm thinking there aren't too many of those, but I could be wrong.

I just think old-school, like go out and buy your own house, but you will get some outside the box advice too, about partnerships, hacking and many others. Do what is comfortable for you guys.

But do something. Anything. Don't let that paralysis get ya....