I've been hosting MTR's now for 5 years and have worked with most guest avatars and my company helps independent hosts make those B2B connections so I'm fairly well versed in the insurance displacement aspect.  

Happy to assist you and your wife in any way that I can with your funding needs as well as advice/input on your projects. 

It does make me feel more comfortable as I know the are well as a Real Estate Agent.

If you have a buyer's agent, you should have already signed a buyer's representation agreement and that fee/commission is disclosed in that document so you should very well know what that charge will be.If you were the seller and going to owner finance the property, what would you want to see from the buyer that tells you that they will be able to pay the mortgage moving forward. 

Would love to get a copy of that spreadsheet as well.

I have checked with Wells Fargo where we bank they say they do not provide investment property loans.Thanks in advance.

There is an interest in medium term rentals for travel nurses as well.  

The biggest problem I see with seller financing is the cost of repairs (as well as holding, selling, etc.)

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

Well done Vince!