Having a good broker that can tailor the loan to your specific situation is better because they will weed out the lenders that may not go down to your loan amount or may require seasoning of funds or may not allow short term rentals etc...

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Operators that are open and able to offer combined usages for slower seasons, such as mid term discounted extended stay rates in the winter, can improve lower estimated production in the off-seasons. 

In some markets, seasonality increases rents in the summer vs. winter, but this typically runs ~5-10%.

Florida, for example, is popular with retirees and seasonal renters, which could influence your rental strategy.5.

Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.

I know some very big players in this industry, millionaires many times over, and they are not close to $400k monthly net on payroll.

I am all ears to what everyone has to say I am ready to absorb knowledge from everyone who is well seasoned. 

Factors to consider include proximity to campus, tenant turnover, seasonality, property management, and financing options.

Almost every problem you can think of happened.....So there I was, a seasoned real estate amateur.