Hi @Rachelle BertumenI live and work in the Truckee/Lake Tahoe area and personally own two long-term multifamily units in Reno.

I post my rental listings on FurnishedFinder and Facebook (there's a couple DU living fb groups) and have had a good experience with hardly any vacancies. 

Rehab expense?

I live on the west side of London and would be happy to connect and learn more about your goals and see what I can do to help. 

@Trevor McCormick to piggyback off what others have said, determine if you are trying to maximize it as an investment or utilize it as a vacation home you will STR to help cover expenses, as this could dictate which type of property you are looking for. 

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

These type living arrangements are primarily short term until user circumstances change

Regardless of if there is a due on sale clause or not - if you are paying a 2% of property value tax twice - that's a large expense.

I'd like to invest more in that area, but it's much more expensive and harder to find deals.  

I am a 37 year old high school basketball coach that is not very happy with where I am financially and am seeking a way out of living paycheck to paycheck.