This is a great way to meet other investors and let it be known what you’re looking to purchase.

Quote from @Frank Nguyen: Frank, this is a common tactic.

I specialize on STRs in the Tampa FL area.  

If I put all of my eggs in one basket (Florida in this case), paid off property and a hurricane blows everything away, FEMA is nowhere to be found and the insurance companies take years to pay what little claims they actually do pay, I suffer through it in a blown out house.

Go with auctions?

My lender says that shouldn't really be an issue, but just wanted to see if this was too good to be true!

@Alan Asriants this is accurate and thorough.

And right now, I am going to tear it down in 2025 and build a new house as my primary home.

We finally had to have the police go there and we forced the door open with this mom screaming and crying all day at us as we replaced 8 windows.

By this I mean much larger home do not rent for significantly more than the smaller home in that area.