My two favorite loan options for getting started are the FHA 203k or the Fannie May Home Style. 

Given their age and position in life… mailbox money flow forever sounds like a good start to retirement to me!

I'm an investor and mortgage broker and have options for loans that go as low as $75,000 and down payments as low as 15%, which makes it easier to stay above $75,000.

I have a couple of funding options on the table and I’d love to hear your thoughts:Funding Approach: I have capital partners who are willing to fund 100% of the project in exchange for 50% of the profits.

I agree with most—if you're local and familiar with the property's history, self-managing could be a great option!

Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods. 

Alternatives include seller financing, a lease option, or using an LLC or trust to structure the deal while maintaining tax benefits.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

Offer a great first-stay experience with thoughtful touches like welcome gifts and clear communication to earn those initial positive reviews.For Big Bear’s rules, stay on top of local ordinances—maybe even connect with other hosts for advice.