You need to find short-term purchase and rehab financing (i.e. hard money or private lender) to acquire and improve the property.

Also, how're you improving the property while you're there to help cash flow when you move out? 

They will help with what I’m sharing below (or should).Consider your pricing to ensure it’s competitive with the local rents.Post on military sites as well.As you said, get professional photos ASAP.I’m active duty Air Force with four properties.

Purchase price: $155,000 Client bought a condo in July 2023 to have as a Air BNB property.

If I was going to improve on one thing, I could certainly tighten up my turnover process and make units ready to rent again a little faster or even advertise a little ahead of when they are ready.

But I decided to test the Air BNB venture.

Between forced appreciation on general improvements on the property and the capacity to add an additional residential structure, the sky was the limit on value growth.

Looking on AirBnB, $1150 for a tiny place was the absolute cheapest comp I could find nearby, and the next was around $1250/month (after Air BnB fees).

Based on my income, I’m unable to afford a multifamily property, and the deals I’ve come across haven’t been particularly attractive.My brother, who earns $90K a year, is willing to co-sign with me, but his $100K in student loans doesn’t really improve our pre-approval prospects.

@Irene Morgovsky what you are experiencing is that rents do NOT increase linearly with property values.Or look at it another way, the pool of renters that can afford higher & higher rents, shrinks faster than a corresponding pool of buyers.You could look into making it a short-term rental to try to improve rental income, but:1) Is it allowed in that area2) STR rates are coming downYou may have to accept "negative income" or sell.