It involves building credit and saving to secure better financing deals.

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

Most retired couple, should be able to  “get by” with 5, especially if they have any other investment< social security or a pension. 

From the title insurance, the road says public rd, we also obtained fr title company of a grant deed fr 1963 that says “reserving easement” of this same road.

Initially, my goal was to secure a multifamily property using my VA loan for leverage, focusing on long-term rentals.

It's also wise to check references from previous landlords to understand their payment history and behavior as a tenant.Once all the information checks out, you can proceed to signing the lease and collecting the security deposit and first month’s rent.Good Luck!

Quote from @Muhamadou Kaba: Quote from @Jay Hurst: Quote from @Muhamadou Kaba: I have a duplex in northern Detroit, Michigan (near Wayne State) that was ...Hey man, I'm curious if we can secure you an 85% rate/term refinance.

Ceiling fans need to be secured differently than a basic ceiling to be stable and this is of course electrical work so allowing a tenant to potentially do it is a liability issue if they got injured. 2.

What kind of terms have you been able to secure?

Now, despite this it is profitable, but key aspect is the special annual grants they get for having that % of total portfolio as subsidized housing.