I tend to buy in the Southern half of the US for 3 reasons:1) you get much higher year-round occupancy rates in the South & it’s simply tough to earn a good ROI in the North if your place sits vacant for a big chunk of the year2) Culturally, the Southern half of the US seems to be a lot more accepting of STRs regulation-wise.

A few days later, someone called me saying they are selling an Duplex in an multi-cultural and up-and-coming part of town and was looking for a quick sale in order to fund a different investment.

Thanks @Matthew Irish-Jones, but I was looking a little closer to home, more of the Austin TX Suburbs.

@Matthew Irish-Jones No, if I listed the property for sale today I could get $250,000 for it, so I have about 20% equity built into the deal.  

@Nicholas Blaylock@Matthew Irish-Jones1) You can't take a loan from your former employer plan that you had through Home Depot2)If you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job [NOTE: You generally can't rollover funds that you saved to your current employer plan until you quit.].You could then take a loan of up to 50% of the balance not to exceed $50,000.

@Matthew Irish-Jones.

There is a balance of where you would like to live in SD based on culture and lifestyle, commute, purchase price, and rent demand.

@Matthew Irish-JonesFrom Zillow estimates and surrounding home prices

@Matthew Irish-Jones Awesome, thank you for your advice!

@Matthew Irish-Jones thank you!