Just be willing and prepared to make it a long-term investment to get you mentally and financially through any bumps in the market going forward.Good luck! 

No one has ever asked me. 3) Depends on if you want longterm or short term residents. 5) We used Redstar https://www.redstarbackgrounds.com/ they give you accept/decline recommendations.

Disabled and retirees get a certain level of significantly lowered hours and simple assignments, because moving is living and social interaction is needed not to mention there our elders and man we need elder wisdom this day n age so badly. 

From my experience working with over 400 investors, starting early gives you a huge advantage in building long-term wealth.

Bought it as a safe bet thinking it would do roughly $35k annually in short term rents.

Hard money loans are another option for short-term financing, especially if you're looking at fix-and-flip opportunities.

As a investment property lender we saw a lot of success with flips but an even bigger jump in BRRRR success with borrowers holding as long term and short term rentals. 

It's also rare you buy these properties with 20-25% and have NOTHING you need to address almost immediately in terms of repairs or capex. 

@Scott VaethIf you live in part of the home and rent out rooms, you might be able to keep the lower 4% owner-occupied rate.Instead of a long-term rental that barely covers half the mortgage, could you do a rent-by-the-room model or target traveling professionals to increase cash flow?

Each option has its advantages and disadvantages.Finally, think critically about your long-term strategy.