If your goal is stability and less volatility, an LTR could be more predictable, but it wouldn’t give you the cash flow cushion you’re looking for.Pros:More predictable income with less management effort than STR.Lower vacancy rates compared to STR.Less risk of fluctuating occupancy rates.Cons:Potential negative cash flow if maintenance and repairs exceed margins.Limited growth potential for income.3.

By demonstrating my commitment to revitalizing the property and emphasizing my ability to close quickly, I secured favorable terms that aligned with my investment goals.

By emphasizing my ability to close quickly and outlining my plans to enhance the property’s value, I was able to secure the deal at favorable terms.

Assuming your investment projections is 5+ years, it's usually worth it to sacrifice a bit of cash flow to prioritize growth in my personal opinion.

But the real question is given the growth rate of the Greenville, SC is it ok to rely on Equity on appreciation of house for the long term?

We have the advantage of being young, and we should use this to the best of our ability. 

The area has lots of growth and is expected to appreciate substantially over the next ~ 5 years, at which point I plan to sell to capitalize on that appreciation.

Unresolved code violations, such as unpermitted modifications, could impact your ability to refinance or could reduce the property's appraised value, affecting loan terms.

You’re setting yourself up for long-term financial growth, and teaming up with your friends is a smart way to ease into it while covering your mortgage.A few tips to keep in mind:Location is key.

Dallas-Fort Worth is a smart choice, man the growth there is off the charts, and there’s plenty of room for first-timers with the drive to go all-in.I remember helping a buddy of mine who was in a similar boat to you, he was switching from a totally different career and diving into real estate.