so, you're maxing out debt service which makes it tougher to cash flow.with that said, no matter the purchase strategy, you should always make sure you're using actual numbers, and not random assumptions.for example - some people will throw out '10% for capex.' 

In this case, new construction is only 1/11 homes in our market so we use the whole market.

I have several clients who prefer the middle/southern part of the country so places like Memphis, Little Rock, Oklahoma or Texas.

So right now I basically negotiated with my Hard Money lender to two loans at a time and applied for a LOC.  

So there's no point in having an out of state LLC in that scenario.I would imagine other states have similar laws, but I do not know for sure.

I've definitely made some mistakes here but I'm going to be very candid with the info on the deal, so please go easy on me haha.My brother and I purchased a property on a large lot in Culver City CA in 2020 that was essentially a tear down. 

Personally, I invest in properties in C-Class neighborhoods in my market (East Linden and Southern Hilltop), and they’ve been cash-flowing well so far.

So you would either need to learn a lot about how to be an awesome STR operator and you would probably need to put into your home $20,000 to $100,000 in adding furnishings, design, and adding amenities to make the property desirable.

Cleveland Heights so far has been checking those boxes with hospitals/universities.

There isn't much I can add here except for the local expertise of the Boise area and our sister company property management team get these inquires often from tenants - so we have seen many ways how not to inquire about it and a few good ways haha.