Also, lets say Khadijah gets a contract to purchase 123 Main St for $50K.

I am an Associate Broker in Maine, been helping others get their STR properties, but now getting the ball rolling for my own properties!

Let’s say the main tenant accounts for most of the annual revenue with a lease ending soon (is healthy and probably looking to resign).

Is that the main struggle getting started?

@David Jackson - I have a four-unit in the Dells and have looked into STR in the past but it was such a hurdle that it didn't make much sense for me.

The biggest hurdle, is validating that you will not live in it.

A DSCR product is what you are looking for.DSCR simply doesn't take into account your personal income, instead we qualify the loan on the properties rental income (or projected rental income).Your credit, properties cashflow, loan to value & prepayment penalty are going to be the main determinants on what this loan looks like for you.

My main strategy that I will be focusing on is fix n flip but also open to any opportunity that is presented.Big things are ahead! 

To land another FhA without refinancing, the 100mi distance is going to be the main requirement OR underwriters want to see a major life change (having kids so you need a bigger unit is the most common scenario).

You can use a temporary google number in the listing to get past that hurdle for phone calls and texts but you will still get mailers.