I understand it's a long term game.

There are a lot of owners that have great purchase prices and 3 to 4% Interest rates that bought 5, 10 or more years ago.If you want to jump into the STR market game now in competitive markets you better run your numbers conservatively and you need an appealing location and property to be competitive. 

Hell when you pull back the curtain most people would be shocked to realize that all those prim and proper super nice 50 year old lady Realtors that seem so nice; those ladies are some of the most cut throat sharks in the game.

Lesson from Radiant Young Adults night in Tampa – "Staying Power"Last Thursday's session reminded me:- Stay consistent- Play the long game- Consistency always beats periodic bursts of intensity- Consistency might feel “boring,” but that’s where growth happensStay the course!

It's accelerated a lot from there but real estate is and always will be a long-game. 

If you are going to do a game room and want it to move the needle then you need to really do it.  

Horrible idea for many reasons...1) Without a decent down payment ~20%, it's very unlikely you'll cashflow after all expenses 2) Sounds like this would be a highly leveraged property - high leverage when rates are high is a dangerous game to play.

Even if it was a low performer (which it isn't), isn't it part of the game to reimagine, see the potential and make it a success? 

Hi @Minji Kim BRRRR house hacking in North Jersey is an absolute game changer.   

I know laws regarding foreclosures and how subordinate loans are dealt with vary wildly by state.