I just hit this week with an unexpected $10k in CapEx.

You would have to qualify and close personally, then transfer title to your entity.There are a few non financial institution outlets offering a 30 yr fixed on SFR.

The negatives are the HOA payment takes away from your profit, and the HOA could have an unexpected assessment.

Boyd McClean GREAT advice and you opened my eyes to a lot more outlets.

I visit and analyze the property, and estimate rehab costs (with experienced inspectors and contractors), add a buffer for unexpected repairs, and provide a financial model with an ROI comparison of a traditional rental vs. short-term rental.Any guidance/tips (positive comments only please) would be greatly appreciated!

Am I correct in assuming that another requirement is to have a certain amount of cash reserves saved up to cover any unexpected expenses?

His first purchase was a SFH and he feels good that he broke even selling it after an unexpected move out. 

@Bob Prisco - You can't bank on those information outlets which were once legit articles backed by research.

It is not going to get any better and if markets adjust or you end up with a bad tennat or unexpected capitol expences or another special HOA assessment you will be kicking yourself for not selling now.

I am finishing my basement and need additional outlets, fixtures and se grounding.