We will provide comfortable homes for renters at a reasonable cost.

Personally I'd feel comfortable with a 5-1 ARM. 5 years is a long time to refinance or sell - preferably the former.

This doesn't mean I don't take on riskier opportunities necessarily, I just find comfort in having a compounding engine as a bulk of my portfolio so that I am always operating positive.I am completely new to real estate investing and would love to find like-minded people to connect with.

Put yourself in your customer's shoes.

Window units can be a sufficient workaround, but they may not be as appealing to potential tenants who are used to the comfort and efficiency of central AC.However, whether or not this is a deal breaker really depends on the type of tenants you’re targeting and the rental rates you plan to charge.

In your shoes I would not be apposed to moving into the 3 bed side get it how you want over 2-3-as much as  6 months.

Pete initially and once I feel comfortable with the process, I can start to branch out to outside the area and even the state.

Kyle Zochert:Be very careful.In Texas, once a lien on property is filed, it is on file forever and part of the chain of title until it is released with a Release of Lien.You can research this yourself in the County records, and find a level of comfort depending on your experience with this.You can even buy someone else's opinion regarding whether or not there is a lien on the property.  

As mentioned above it depends on the metro but I would make sure I was comfortable with the LTR rate before pulling the trigger on an STR. 

A good option is to speak with your lender and ensure they’re comfortable with the transfer or consult a real estate attorney for advice on how to proceed without disrupting your financing.