I've executed the rent-by-the-room strategy around several military towns.

BP Community:I’m building out a list of videos that will highlight the economic development in the specific cities/towns we invest in.

Here’s the idea:A private lender could pay off the FHA loan, allowing us to give them the first lien on the property.This would free us from the FHA restrictions, enabling us to move to a more suitable living situation while addressing the lead issue at a later time.What I Need Help WithPrivate Investor Leads: Does anyone know of private lenders who might be interested in exploring this option?

While I’m new to the real estate world, I’m eager to connect, learn from others, and explore investment opportunities.

If financing is part of your strategy, consider exploring fix-and-flip loans, which are tailored to help investors like you fund both the purchase and the rehab of properties.Lastly, start small with your first project, ideally in a neighborhood where you understand the market dynamics.

Yes, that is all correct, especially since we are in a very small town and the property location is fairly remote.

I'm exploring getting into PadSplits.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

We’re open to considering Section 8 rentals if they align with our goals.Our initial plan is to purchase one or two properties outright with cash, although we’re still open to financing options if the right opportunity arises.We’re planning a 1- to 2-week trip soon to explore Indiana and get a feel for different cities and neighborhoods.I’d really appreciate your honest feedback.

Even during "low" season, they're commanding premium prices, much stronger than relative properties for rent in US coastal towns/vacation destinations.