Without circulation, the moisture can't evaporate quickly enough and the mold starts to grow.My recommendation?

I'm seeing rates start around 6.75% with your specific scenario. 

Traditional lenders won’t approve it, and hard money lenders who offer this type of financing all the time look for experience, assets, or strong equity in the deal.Partnering with someone who has financing or experience is realistic approach when starting.

Starting your first Airbnb?

Investment Info:Small multi-family (2-4 units) buy & hold investment in Columbus.

We are a military family currently stationed in Boston where we currently invest.

Quote from @Qais Attarwala: Hi everyone, Just wanted to start out by saying thank you to everyone in this really supportive community.

If I were to invest into one that was grandfathered in, would I have to convert it to a MTR?

DBIt depends on your goals, but generally, a long-term rental should ideally provide a solid return on investment beyond just breaking even.

This is where I started as well, and then about 5 years later I was able to leave my W2.