The long hours and dedication will pay off as you learn the ropes and prepare for your first investment.

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.

Quote from @Donald Hatter: Investment Info:Single-family residence buy & hold investment.

@Carl RowlesI recommend a HELOC or Heloan on your primary residence or the rental if you have enough equity in either.

And a local resident is usually very helpful.

Any tips on marketing or preparing a property near a military base for this kind of rental?

FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

Quote from @Cody Caswell: Quote from @Jay Hurst: Quote from @Cody Caswell: Is it true you can use taxes, depreciation, insurance, and mortgage interest for qualifying income when applying for an FHA loan on a primary residence? 

Plan for a smooth transition: Respect the notice period and prepare for any potential disputes.