Back when we could purchase properties for a deal, building in enough discount to handle every contingency was doable.

It’s certainly a ‘doable’ amount of work in addition to a normal 9-to-5, especially at a low number of STRs.

Totally doable if you stay focused on your goal.

But others require funding in like 3 to 10 days, which may not be doable for many HML.

I think it's doable in your circumstances and this would be a good first step.

Although i believe if you're completely new and plan on contracting out most of the work, its more important to study the areas, network and vet your people than to worry about the WHERE - theres certainly upsides for focussing solely on markets outside your own, its certainly doable and a lot of people do it, even (or maybe especially) when your starting out, the added risk can be minimized and downsides you cant eliminate may be worth the upsides.

Hey @Dannielle O'Buckley Ive heard of people doing that, ive had thoughts of doing it myself in my home, i think its very doable considering that everyone wants to live in that side of town.

They still pulled credit and I had to provide financials (personal guarantee), but got a LOC at 6% fixed.I had to call around and it did take some effort, but it's doable!

The other partner who's staying and myself are good with the 30 year loan and will sign off on it when needs to.If doable, will the partner who's leaving also need to sign off on the mortgage?

Yes, it is doable.