A home loan is made via the note with a Mortgage/DOT (depending on state) attached as the security instrument, which allows the home to serve as collateral if the note is not upheld.

Depending on the salaries of the new jobs they may also price out the local residents on new home sales which would further drive up the price.

This doesn't come cheap--these folks were making high six to seven figures depending on volume.We focused on lending to professional real estate investors--so our customers were frequent repeat borrowers. 

I have a couple STR investors do this here in the winter months depending on the events coming to town

The income of a property manager is dependent on whether you property is filled with tenants as well. 

You can do a duplex though, which might not be a bad idea.With your credit score, conventional might be a good choice, you only need 5% down for 2-4 units if you live in one. 

It depends if you need or want the money out or want an asset that will bring in income, especially since you own it cash.

@Manuel Angeles affordable deals depending on size can have multiple funding sources….

@Robert BishopTo prepare for your first real estate investment, build a strong financial foundation with a credit score of 700+ and an emergency fund.

Those tens of billions in valuation depended on pre-fire conditions.