Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation). 

And, importantly, fear around my ability to confidently show the Seller that the deal I am proposing is one that CAN help solve their challenge or problem (once I find out what that is!). 

Sometimes you can set your own price that you want to charge per month but oftentimes these websites will use an algorithm to determine what your trade line is ‘worth’ per month.

Quote from @Masyn Grant Barney: Utah had a bill passed (SB240) with limited funding (it has been plenty so far) that gives $20k to first time home buyers in a form of a 0% loan that is paid back on refinance or sale.

Lenders will want to see your ability to manage the mortgage and any other expenses related to the rental.3.

So your 5-plex will help you with your ability to get into commercial real estate.

Daniel,As long as you invest in an area that sees a steady growth or the ability to raise rents every year.

For sure — I’m trying to determine if I’m making a bad move tax wise, or if I should somehow leverage the equity locked into the rental, which seems challenging with the low interest rate of the mortgage.

If you truly only need $65,000 that should be fairly easy with minimal requirements for you regarding your income and ability to repay the loan.

(I have boots on the ground in case needed)Thanks  As others have stated, this can be lender specific.some will also look to your experience as an out of state manager to determine whether or not you can self-manage.cheers!