And as far as legal—an attorney becomes essential once you're ready to finalize terms with either an HML or private lender to make sure everything’s secure.Hope this helps!

This Penalty is applicable to both a refinance and a sale.

STR is a hospitality business first, and a for-profit business second (if you want to succeed).

The cheap houses are tempting; however, if we're on the other side of the greatest run up in home price appreciation in my lifetime, and a property can still be had for under $100k, the appreciation upside is going to be very limited. 

Since I’m still in school I don’t have much money, I’m trying to learn as much as I can about real estate so that way once I get a job out of college and a steady income I’ll know what to do with my money.

And a reminder of our appraisal and rental documents for acquisition that everyone should have access to fill in and view when doing your research. 

I've done a lot of research on this topic as both an investor and as one who assists other investors in exploring this strategy.

I have lots of experience in all types of single-family investing, small partnerships in multifamily and commercial, and a vast knowledge of construction.

Overall, you're spending $25k in extra costs and a monthly pmt that's $500 higher to keep $50k in your bank account. 

This sounds like a home run and a great first purchase!!