Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

--Financing:I would like to do 20% down, or more if needed, but I would like to avoid 100% cash offers as it would likely be the majority of my liquid assets.Question: How does financing differ from the mainland?

But, it still doesn't feel like it's enough. 

I live in Albuquerque and would just like to reach out to local real estate investors simply to start a dialogue. 

Check out some AirBnb monthly comps in your neighborhood to see if it is worth the upfront furnishing costs, monthly utilities and other expenses like professional cleaning and landscaping. 

Somewhere in the middle is likely your best bet for a 20 year timeline.I have almost 50 units here myself and that's about what my portfolio is cash flowing at this point combined LTV is around 65% as loans have gotten paid down and values have went up.

Welcome back @Jonathan Chan,Sounds like a solid 4 years, keep doing your thing!

Let me know if you would like to chat further!  

Here is the short of it.Does this look like a good deal? 

Young aspiring agents.... immerse yourself with like-minded people, learn from each other, and TAKE ACTION!