I have a couple of buyers that will purchase without due diligence.  

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

Was that purchase money, rate and term refi, or cash out refi?

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.

The best I've seen for STRs is 80LTV on purchase and 75LTV on cash outs. 

Quote from @Holly Radice: I am looking into purchasing a 4 unit in Ohio as my first property.

Quote from @Landon Sheveland: Hello,My wife and I, are attempting to purchase our first property.

Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.