While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

This could help secure a higher LTV while you build STR rental history.

Start with one close to home where you can learn and build a team.

I want to build my wealth, gain experience, help people along the way and then maybe help people in foreclosures or something.

Quote from @Kolby Knickerbocker:  Have you considered building here in Central Oregon or an STR here? 

It's a business - acquiring/building, managing, and growing a business. 

So as the new build went on, we focused on improvements to our first home and got it ready for tenants.

Reinvest profits, stay patient, and keep building toward replacing your income.

Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...