Keep learning and assessing your financial position as you grow.Good luck!

From there you assess if month to month cash flow deficit is okay, that's really such a small detail of it.  

If you are getting what you are from the bank, you need to step back and assess the deal. 

Local government get's it done, and an assessment is levied on the property for the expense of such.

Focus on STR-friendly areas like Newburgh or Highland Lakes, and use platforms like AirDNA to assess revenue potential.

A couple factors that come into play when assessing cost:1.

It’s important to have a clear understanding of both hard and soft costs (labor, materials, permits, etc.) to assess your budget accurately.Projected Rental Income: Research the rental market in the area.

A buddy of mine, who’d been eyeballing a small multi-unit in Tucson recently, nearly forgot to factor in the HOA’s special assessment fee.

Based on your assessment, it feels like the only way for you to buy something now is to make a compromise that you don't want to make or to get out over your skis a bit more than you'd like. 20 years from now, it won't make much of a difference whether you bought something today or two years from now. 

Have you assessed how some of the repairs will be funded?