I condo hotel that I'm looking into does all the maintenance, upkeep and improvements.

Consider properties with value-add potential to boost rents and improve cash flow.Good luck!

Context matters, and there are steps you can take to protect yourself while still giving applicants a chance to prove their reliability.ALTHOUGH, still stay compliant with all of your states Fair housing laws, Always.

Thank you You are obviously a sincere young person looking at improving your financial position.  

By this time next year, we aim to have invested in our first rental property and improved our credit, setting a strong foundation for a successful and fulfilling future.I am open to any knowledge or advice anyone has to give as I am currently learning about real estate investing. 

I came across Bigger Pockets a few months ago and have been learning on my own by listening to podcasts (RE Rookie, On the Market, BP RE Podcast) and reading the various recommended books every chance I get.

Playing it safe might mean walking away if the numbers can’t improve.

In other words, it may not really matter.I think it is also a fine line because even if I owned multiple properties prior to getting married, if my wife did ANYTHING to help with them, property management, sweat equity improvements, etc. then it can play a role.

Milton and Farmington can be excellent choices, too, often with more budget-friendly options and the chance to add value in less saturated areas, might have better cash flow luck here.For lenders and agents, I'd recommend networking with those who have experience specifically in the NH Seacoast markets since these towns can vary in terms of tenant demographics and rental demands.

Anyone would consider a nice finished room with great natural light a bedroom, but in the off chance the tenant doesn’t pay rent then I would be in the wrong for letting he/she live there in the first place.